The Hindu·3 min read·medium
Openend spinning mills in T.N. hit by high raw material price
T
The Hindu Bureau
✦AI Summary
Open-end spinning mills in Tamil Nadu are facing financial pressure due to the rising costs of waste cotton, a key raw material. Industry associations are calling for government intervention to control exports to ensure domestic supply and support mill modernization.
The openend spinning mills in Tamil Nadu are in crossroads as there is a pressing need to modernise leading to higher demand for raw materials, which is waste cotton. But, the cost of waste cotton is affecting operational margins.
businesseconomy
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