compare and contrast the problems faced by the textile industry in india and abroad
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1)Shortage in supply of raw material.
2)Increase in cost of raw material.
Cotton prices jumped to Rs 13,200 per quintal now from Rs 11,800 per quintal about a month ago. ...
3)Compliance: Environmental issue.
4) Infrastructure bottlenecks.
5) Impact of GST
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Answer:
Four major problems faced by cotton textile mills in India.
• The yarn in India is produced by small industries and units which largely cater to local markets. ...
• Most of the machinery installed in cotton mills are outdated and need to be replaced.
• Irregular power supply has hampered production.
• The cotton industry is facing tough competition from the fibre industry.
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