ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Textile Sickness- Finance No Cure

How sick is the cotton textile industry? Very sick indeed, NTC mills (112) and those run by some of the state corporations — accounting for nearly 17 per cent of the industry's total spindleage and 25 per cent of the loomage — are all on the sick list since long. In the private sector, some 25 per cent of the mills, representing nearly 25 per cent of the industry's total spindleage and 30.5 per cent of the ioomage, are said to belong to this category. Taken together, 45 per cent of the total spinning capacity and 60 per cent of the weaving capacity are accounted for by sick units. 

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