Related Keywords: appoint external agency, duty structure, Financial Minstry, fluctuation in cotton prices, Inventory policy of China, MMF cluster, Texpreneurs Forum, Textile Industry, TUF
Texpreneurs Forum is planning to submit a report on the financial stress faced by the textile industry in the last 2-3 year to the Finance Ministry for that they are in the process of appointing an external agency to conduct a study of the textile industry.
D Prabhu, Secretary, Texpreneurs Forum said that this is consequent to their meeting with the powers that be at the Centre and the recommendations made by the Textile Ministry to the Department of Financial Services under the Union Finance Ministry for lowering the interest on working capital loan for purchase of cotton.
