https://www.thehindubusinessline.com/news/spinning-mills-in-coimbatore-to-stop-production-and-sale-of-yarn-from-saturday/article67078781.ece
Crisis brews in Coimbatore's spinning mills due to heavy losses. Export of yarn and textiles down 28%, cotton price per candy ₹58K, 40's yarn ₹235/kg. Conversion cost of cotton to yarn only ₹1, mills incurring loss of ₹40/kg. Banks' interest rates up, TANGEDC…
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