Related Keywords: ban on high denomination currency notes, consumption taking hit, Indian Texpreneurs Federation, low spending, more credit in yarn sales, poor off take of yarn and fabrics, practical help, short term working capital, textile sector
In the wake of the ban on high denomination currency notes, the textile sector was looking for some practical help from the Centre, as due to low spending, consumption was taking a hit and the retailers naturally were reducing the purchases, which was affecting the manufacturing in terms of poor off take of yarn and fabrics form the buyers, Indian Texpreneurs Federation (ITF) Secretary, Prabhu Dhamodharan said.
