Textile mills are suffering because of high cotton price while yarn price has fallen
The Textile industry asks for governmental actions. It is facing recession because it cannot afford the current high price of cotton while the selling price of yarn has decreased as compared to last year. The Government has yet partially responded by changing the application of a few taxes, notably at the exportation.
Source: Higher cotton prices send textile mills into a tailspin. By The Hindu, 28/01/2008
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