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Tamil Nadu mills face testing period due to power cuts
02 May '09
1 min read
Until last year, spinning mills in Tamil Nadu were running round the clock, and were busy expanding their operational capacities. Currently, with the export market hit by the economic crisis, and a few other factors, the declining foreign orders have pushed the textile industry into the brink of crisis.
Textile mills in Coimbatore which account for a predominant number of mills in South India, are now idle. Many units are closing down, putting thousands of jobs in jeopardy. The previous year witnessed the closure of 392 mills making more than 200,000 workers jobless.
The economic liberalization, which was believed to be the pivot of Coimbatore spinning mill's success, is now being blamed as a reason for the industrial turmoil.
Mills in Tamil Nadu are facing a power cut of 45%. With very little electricity to run the machines, burdened with intermittent power cuts, the spinning mills operate with minimum capacity. Due to the ongoing power crisis, mills are running only on 55% of their production capacity resulting in drastic cuts in production and widespread lay-offs.
Click here to read the complete article.
Textile mills in Coimbatore which account for a predominant number of mills in South India, are now idle. Many units are closing down, putting thousands of jobs in jeopardy. The previous year witnessed the closure of 392 mills making more than 200,000 workers jobless.
The economic liberalization, which was believed to be the pivot of Coimbatore spinning mill's success, is now being blamed as a reason for the industrial turmoil.
Mills in Tamil Nadu are facing a power cut of 45%. With very little electricity to run the machines, burdened with intermittent power cuts, the spinning mills operate with minimum capacity. Due to the ongoing power crisis, mills are running only on 55% of their production capacity resulting in drastic cuts in production and widespread lay-offs.
Click here to read the complete article.
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