Stalin writes to PM Modi seeking relief for beleaguered textile industry

M K Stalin says several units staring at closure, urges mandatory declaration of cotton and yarn stock, easier cash credit limits for mills to buy cotton

Tamil Nadu chief minister M K Stalin has written to Prime Minister Narendra Modi seeking relief for the textile industry, which is battling high cotton and yarn prices. Asserting that several units were on the verge of closure, Stalin called for mandatory declaration of cotton and yarn stock, and easier cash credit limits for spinning mills to buy cotton, among others things.  

Union textile minister Piyush Goyal has called a meeting of all stakeholders on May 17, to discuss rising input prices. Following requests from various stakeholders, the Centre had notified the withdrawal of import duty on cotton.  Despite this,