Related Keywords: Bulk orders cancelled, cotton trade, demonetised notes, Ichalkaranji, Ichalkaranji Powerloom Weavers Cooperative Association Limited, major textile hub, Manchester of Maharashtra, national and international brands, raw material transportation delayed, ready cloth
Ichalkaranji a major textile hub in the country, known as the Manchester of Maharashtra, in just 15 day the daily turnover at has plummetted from Rs 45 crore to Rs 13 crore as traders are cancelling orders unless the mills accept payment in demonetised notes. Bulk orders have been cancelled and transportation of raw material has been delayed.
