Spinning mills seek government support

May 05, 2016 12:00 am | Updated 07:54 am IST - HYDERABAD:

Telangana Spinning and Textile Mills Association has urged Chief Minister K. Chandrashekhar Rao to support the spinning mills in the State in tiding over the present crisis fomented by recession in the global market.

Calling on the Chief Minister on Wednesday, representatives of the association apprised him of the problems faced by the millers. In response, Mr. Rao assured them of support and expressed regret at the increase of duties on cotton exports. Measures should be taken to increase cotton products in the indigenous markets, in view of the possible reduction in exports, he noted. The millers attributed the impact on export to the decision by China to diminish the exchange value for its currency. Member of Legislative Assembly Marri Janardhan Reddy and Secretary of Industries Arvind Kumar participated.

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