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Cotton prices boom, effects are seen in loom

01 Jul '08
3 min read

Abhijit Gohil, President of Soma Textiles and Industries gave his view on the situation, stating, “We run all the departments six days in a week and wherever possible, work is being realigned to make it more cost competitive since the pressure of increased prices of finished goods is way too much. From time to time, the industry has made several presentations to the Government including quantitative restrictions on cotton exports as well as duty free import of cotton but the final verdict is yet to be given.”

Fibre2fashion News Desk - India

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