Related Keywords: CCI, cotton stabilization fund, decline in prices, duty-free access, highlight host of problems faced by industry, hoarded cotton, Market glut, minimal duty advantage, scarce allegedly by MNC, shortage of cotton, shut down twice a week, slowdown of exports, Telangana textile and spinning mills
To highlight the host of problems faced by the industry, including shortage of cotton that was made scarce allegedly by multinational companies, the Telangana textile and spinning mills has decided to shut down twice a week. There are about 33 mills in Telangana following bifurcation and at least 50,000 persons are said to be working in them.
