Question

Q 6. Why are the textile mills in Ahmedabad closing down?
a) due to lack of raw material
b) due to lack of skilled labour
c) non upgradation of Machines and Technology
d) due to lack of demand

Answer 1

Answer:

The major reported reasons for closure include financial problems due to inadequate working capital, insufficient cash flow, increase in cost of product, squeezed profit margin, stressed assets etc

Explanation:

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