South Indian Textile Mills Hit Pause Button, Suspend Operations For 1 Week
South Indian Textile Mills Hit Pause Button, Suspend Operations For 1 Week
New Delhi, Dec 13: Textile mills across Tamil Nadu, Andhra Pradesh, and Telangana have collectively decided to suspend production operations for one week.
This joint action comes in response to the AP Textile Mills Association's appeal to the State Government for urgent support to strengthen the textile industry.
The temporary suspension aims to provide an opportunity for mills to recalibrate strategies, re-evaluate market conditions, and enhance overall resilience.
The mills are specifically urging for the immediate release of Rs 1500 crore in subsidies and an electricity subsidy concession of Rs 2/- per unit, similar to provisions in Telangana.
This proactive measure, while causing short-term disruptions, und...