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Tamil Nadu
Spinning mills run into trouble
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Following non-availability of cotton
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Mill owners, staff take out rally “Exports are fine, but not in bulk”
RAJAPALAYAM: Textile sector experienced step-motherly treatment by policy-makers despite being the largest single contributor to the exchequer of the Centre and the State, the Rajapalayam Mill Owners’ Association has said.
Its representative, S. R. Dhanushkodi Raja, told The Hindu that the sector was going through a bad phase in recent times due to non-availability of cotton, stagnation of yarn and undeclared power cuts.
“Despite higher production this year, it is in great demand in the domestic market due to unrestricted export of cotton to China, Pakistan, Bangladesh and Indonesia,” he said. Stating that China had taken away the finest quality of cotton in bulk, the Indian mills had to make do with second grade quality of raw materials.
“We do not want to stop exports, but only want exports in phases and not in bulk quantity,” he said. The association also suspected that a huge quantity of cotton was being hoarded by influential people.
In the wake of rupee appreciation against the US dollar, textile companies were not buying yarn. “We have over 50 per cent of yarn stagnant in our godown,” Mr. Raja said. Stating that the interest rate for financial assistance to modernise mills under the Technology Upgradation Fund had been increased by nearly 4 per cent, Mr. Raja said that the undue delay in releasing subsidy under the scheme further affected the industry.
Moreover, the erratic power supply added to their woes. “The Government should fix timings for power cuts so that we can make optimal use of our workforce,” he said. Stating that the mills had made huge investments in the sector, he said that the Centre and State should set right the problems at the earliest. Hundreds of mill owners and employees took out a rally here on Wednesday to draw the attention of the Government to their problems. The mill owners are affiliated to various associations like Southern India Mills Association, South India Small Spinners Association, Tamil Nadu Spinning Mills Association and Madurai Spinners Association.
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