Financial Daily from THE HINDU group of publications
Friday, Feb 07, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - Textiles


48 more textile mills shut shop in Apr-Nov

G Gurumurthy

COIMBATORE, Feb. 6

AT least 48 more textile mills folded up their operations between April-November 2002, the latest period for which statistics are available, taking the total number of the closed textile mills nationwide in the organised sector to 469.

Within the textile industry, spinning sector which accounts for over 70 per cent of the closed textile mills has reported the largest number of mill closures at 338 as on November 30, 2002. About 43 more mills that were closed after March 31, 2002 when the total number of spinning units closed remained at 295. The composite textile units under locks as on end-November 2002 form the rest, i.e. 131.

According to a State-wise closure of cotton/ man-made fibre textile mills in the non-SSI, Tamil Nadu accounted for largest number of mill closures at 105, followed by Gujarat at 97 and Maharashtra 48. In Tamil Nadu, maximum closure has occurred in the spinning sector at 99 whereas Gujarat has accounted for 63 of the 91 mill closures occurring in the composite mill sector.

In the individual textile centres, Ahmedabad accounted for maximum mill closure of 54 (47 composite mills and 7 spinning units), while the number of units closed in Coimbatore was 41 (37 spinning mills). Mumbai has reported 14 mill closures as on November 30, 2002

Article E-Mail :: Comment :: Syndication

Stories in this Section
Toy exports seen to touch $35 m


Massive haul of pirated VCDs
Pampa action plan may be delayed
France keen to strengthen trade ties with India
Cyberabad to sport golf course, convention centre
Rs 22-cr French loan for BDA project
Tap the potential of gas find: Barnala
Restarting Dabhol project — GE, Bechtel agree on unconditional support
KIOCL looking at iron ore sources for pellet plant
`VAT must be made industry-friendly'
48 more textile mills shut shop in Apr-Nov
Plan for SSI showrooms in Mumbai, Delhi
`Managers should sense people's feelings'
Keep consumer in mind, Minister tells broadcasters
CDFD earns Rs 40 lakh from external sources
HC dismisses plea against oil PSUs' sale
Free houses for the poor
Velugu second phase to be implemented soon
Water transport workers to join Parliament March
Bengal CM invites investors to AEZs
Indian flavour at Swiss symposium
VAT seminar in Mangalore
Home exhibition in Madurai from today
Plea for low tax on expatriates
Bupathy is new ICAI President, Goyal is V-P


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line