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Declining prices falling orders threaten Indian cotton yarn mills
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Declining prices falling orders threaten Indian cotton yarn mills

Views:0     Author:Site Editor     Publish Time: 2020-05-27      Origin:Site

When Prime Minister Narendra Modi extended the nationwide lockdown till May 3, most of cotton mills in India were shut down. However, the government allowed some spinners in Uttar Pradesh, Gujarat, and Punjab to resume production. A small number of spinners resumed work with operating rate ranging between 10 to 50 per cent, mainly focused on fulfilling recent contracts.

Despite this, production has not resumed to its full capacity due to the lack of workers and orders. Some factories have decided to shut down their operations after completing domestic sales and a small number of export orders.

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