India Textile Mills Continue To Cut Yarn Production

Coimbatore

News,

Starting from May 24th to cut production by 1/3, factories are likely to cut production for another two weeks, even if the yarn situation is improving slightly.

The South India Textile Mills Association said that after a week's reduction in production, the number of stocks in the country decreased.

However, the reduction is not obvious.

Discussion and decision with India Textile Industry Alliance

The production will be cut by 1/3 a day and the association will cut production for another 14 days.

They said that during this period, 500 million kilograms of stocks could be reduced by 3000-4000 kilograms.

Because time is short, there is no need to increase.

Unless export is good, or domestic industry needs.