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Southern spinning mills seek government relief amid global recession, ET Retail

Spinning mills from Tamil Nadu, Andhra Pradesh, and Telangana, contributing 55% of the country s spinning capacity, have urged the central and state governments for relief amidst global recession and sluggish domestic demand. The South Indian Mills Association (SIMA) highlighted challenges, including an 11% import duty on cotton, high costs of man-made fibers, and a significant rise in power costs.

Spinning mills: Southern spinning mills seek government relief amid global recession

Spinning mills from Tamil Nadu, Andhra Pradesh, and Telangana, contributing 55% of the country s spinning capacity, have urged the central and state governments for relief amidst global recession and sluggish domestic demand. The South Indian Mills Association (SIMA) highlighted challenges, including an 11% import duty on cotton, high costs of man-made fibers, and a significant rise in power costs.

Piyush Goyal unveils statue of First Finance Minister of Independent India RK Shanmugam Chetty in Coimbatore

Piyush Goyal unveils statue of First Finance Minister of Independent India RK Shanmugam Chetty in Coimbatore
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