In tatters
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14/10/2004
statistics with the Union ministry of textiles (mot) point at a major slump in the textile industry. Textile mills have been downing their shutters at an average rate of one mill per week. The fact that the textile industry is the second largest employer in the country accentuates the severity of the crisis. As many as 248 mills of the country were closed from July 1999 to April 2004, rendering 329,402 workers jobless.
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Maximum closures took placein Tamil Nadu, followed by Andhra Pradesh, Maharashatra, Gujarat and Uttar Pradesh (see table: Jobless hands). So says the mot document, made available to the Indian Cotton Mills Federation (icmf), New Delhi