Related Keywords: and Texprocil, by Chinese buyers, Confederation of Indian Textile Industry, delaying in opening LCs, high input cost, North Indian Millers Association, slow down production, South India Millers' Association, subdued demand, to take stock of cotton mills situation
Representatives of the Confederation of Indian Textile Industry, South India Millers' Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to go slow on production.
In the meeting, it was decided to appoint an agency to study the gravity of the situation, prepare a memorandum, and send to the government.
