Related Keywords: cooperative textile mills, crash in the China market, demand a reduction in power tariff, facing huge crisis, government policies, no orders fro yarn, one day strike, option to prevent more losses, pay wages to workers, Shutting the spindles, soft loans for short term, subsidy for exports
At a meeting of managements of 55 cooperative mills across the states held on Wednesday in Sangli, a decision was taken that all cooperative textile mills in Maharashtra will follow a one day strike on September 1 as the textile sector is facing huge crisis and most spinning mills have no orders for yarn since the past one month and have incurred huge losses.
The mill owners have cited errant government policies and loss of business due to the crash in the China market--a major yarn buyer--as the prime reason leading to this situation.
