Openend spinning mills in T.N. hit by high raw material price
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.
Why it matters
The crisis highlights the supply chain vulnerabilities in the textile industry, which is a major economic driver in the region.
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.
The article presents the economic challenges faced by a specific industry sector without taking a political stance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in