Related Keywords: Cotton Spinning Mills, decline inexports, excess spinning capacity, from China, leading mills, NITMA, northern India facing crisis, one day a week, plans to shut down production, Trident, Vardhaman
Cotton spinning mills in northern India facing crisis due the excess spinning capacity and decline in exports this fiscal year have resulted in poor cash flow and excessive stocks due to which they are planning to shut down one day a week, according to Chandigarh based Northern India Textile Mills’ Association (NITMA) having 98 member mills that includes leading names such as Vardhaman and Trident, etc.
