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Related Keywords: decline in export orders, Delhi and Tirupur, drop in yarn prices, exploring new markets and products, Indian Texpreneurs Federation, Ludhiana, polyester or polyester cotton yarn makers, sample orders from buyers, stop production, study the customer demand, Tamil Nadu textile mills

Tamil Nadu textile mills that make polyester or polyester cotton yarn having forced to stop production for two days a week for four weeks as prices for the yarn had dropped and the mills were find the price unviable and with export orders too declining have started exploring new markets and products, said Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation.

Further, some mills have taken sample orders from buyers in Ludhiana, Delhi and Tirupur. They plan to study the customer demand, explore new markets and products, he said.

Related Keywords: Bhiwandi and Malegaon powerloom, closure of processing units in Rajasthan, impact textile business in Surat, incurring huge losses due to market slowdown, low demand of grey cloth, people jobless, price of grey cloth falling, stop production, textile centres of Maharashtra

The alarming economic situation at both the textile centres of Maharashtra has left about one million people jobless besides a loss of about 150 crore rupees every day as over ten lakh powerlooms in Bhiwandi and Malegaon - estimated to be over 50% of the total in India, have stopped production. The two textile centres have incurred huge losses due to market slowdown and closure of processing units in Rajasthan.