Textile industry is losing its shine.
Three highs have sealed the fate of the industry.
Wages High
Raw material cost are very high.
Power cost is equally high.
To redeem the industry from distress certain reforms are to be introduced.
Tax breaks,interest rebates,and a fresh dose of sops will help the industry to come out of the blue.
The recent hike in interest rate by reserve bank of India is adding misery to the textile sector.
Many mills have announced closure.
The properties are up for sale.
Manufacturing is becoming awesome.
A negative sign to industrial growth indeed!!
Meenas Poems 