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TSTMA call for Central govt to address problem of textile mills

Related Keywords: addressing the problems of Textile Mills, adverse external factors, called upon Central Government, China and Americas, cotton segment, duty structur in EU, glue in export market, moratorium on loan, policy change in Chine, spinning and weaving segment, The Telangana Spinning & Textile Mills Association, thriving mills facing closure, TSTMA

The cotton segment, spinning and weaving segments have been suffering from April 2014 onwards due to glut in the export market caused due to policy changes in China and the duty structure in EU, China and the Americas, said M. Anantha Reddy, General Secretary, The Telangana Spinning & Textile Mills Association (TSTMA).

To address their concerns on a priority basis to ensure that good thriving mills do not face closure due to adverse external factors, TSTMA has called upon the Central Government.

Textile mills in Telangana run out of cotton

Related Keywords: CCI, forced to get cotton, from distant places, incurring additional transportation, Kapas prices, other costs, running out of cotton stock, Textile mills in Telangana, TSTMA

Textile mills in Telangana are running out of cotton stock. The raw material stocks at many of the 32 mills are barely enough for ten days, said Sushil Sancheti, treasurer of Telangana Spinning & Textile Mills Association (TSTMA).

The association president R.K.Agarwal said that making them sound the alarm bells is not as much the inventory as the limited stocks put up for sale by CCI. There is a huge mismatch between the requirement of mills all over India and the supply offered by CCI.

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