Related Keywords: accumulation of yarn stock and liquidity problems, higher tariff rates, meeting, power loom clusters, Southern India Mills' Association, spinning sector, synthetic yarn market, Technology Upgradation Fund Scheme
Southern India Mills' Association (SIMA), apex body of spinners in this region, has convened a meeting of its member mills here on August eight to discuss various problems faced by spinning sector and decide on future course of action to mitigate the crisis.
Considering the situation, the association has convened the meeting of the Managing Directors of the member mills to discuss the issues and arrive at a solution to tide over the crises, Sima Chairman T Rajkumar said.
