Difficult times ahead for the country's textile mills
Mill operators are facing huge losses due to limited availability of cotton and skyrocketing prices. This is the reason why Tamil Nadu Mills Association has decided to keep the mill completely closed for one day in a week. Based on the rising price of cotton and this decision taken by Tamil Nadu Mills, SIS sought to know what mills in other states are thinking about this.
Let us know the opinion of the mill operators of different states on the present scenario-
Situation may change in Madhya Pradesh after 1 month
Rajendra Sharma, General Manager, Maral Overseas, said that all the mills of the country are in trouble due to the problem of increasing cotton rates and decreasing arrivals. But Madhya Pradesh is a cotton growing state, due to which there is not so much shortage of cotton right now that any decision like shutting down the mill should be taken immediately, but after a month such a situation may also arise. Tamil Nadu had to take this decision from now on because they have to bring cotton from other states, whose transportation cost is very high.
Problem is also coming in Rajasthan
Vikas Jain of Kanchan India Limited of Bhilwara Rajasthan says that the problem is also coming a lot in Rajasthan. But all the mills have as much stock as about 2 months, due to which there is no such possibility as of now. In the south, this step had to be taken early because the mills there work more on fine quality, whose arrival has already reduced. In Rajasthan, work is done on medium quality, whose stock for few months is present with the mills.
Decision can be taken soon in Gujarat too
Hiteshbhai of Ramkrishna Cotspin Gujarat said that the cotton prices have reached 85 thousand, the situation is that the mills are incurring a loss of 25 to 30 rupees per kg. The Gujarat Spinning Association has called a meeting of spinners on the coming Sunday. There is a possibility that like Tamil Nadu, a tough decision like keeping the mills closed for one day in Gujarat will be taken.
The situation in Maharashtra is also dire.
Mukesh Sharma, Assistant Manager, NSL Cotton Corporation, Aurangabad said that seeing the rapid rate at which the rates are touching the sky on MCX, it seems that the coming time is going to be very difficult for the mills. Now if the government reduces the import duty, then only there can be some hope. Even if the rate of yarn increases in comparison to the rate of cotton, there may be some support, but at present the situation is very dire.
Regards
Team Sis
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