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Textile Industry-Widening Gap

THE textile industry, burdened with huge stocks, appears to be undergoing a transformation. The strike in Bombay's 60 textile mills is estimated to have led to a production loss of 1,400 million metres, i e roughly half the annual output of the organised sector of the industry, over about an 18-month period in 1982 and 1983. But despite this fall in production, stocks with the mills at the end of May had risen to 166.000 bales (of 1,500 metres each) compared to 155,000 bales at May-end last year.

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