250 Tamil Nadu OE mills threaten 50% production cut next week over cotton waste pricing
Over 250 Tamil Nadu open-end spinning mills threaten 50% production cuts next week unless cotton waste prices fall further. OSMA flags pressure after Centre removed 11% import duty, signaling upstream yarn supply risk for Indian apparel manufacturers.
Read the source at Apparel Resources IndiaWhy it matters to operators and investors
Distressed Tamil Nadu OE spinners under acute margin pressure may surface as bolt-on or vertical integration targets for buyers seeking captive yarn capacity.