Palladam Textile Units Slash Output by 50% Amid Export Slump and Rising Costs
Textile manufacturers in Palladam, a key hub in Tiruppur, have reduced production by 50% from 6th April, citing mounting inventory and a sharp decline in export demand linked to the ongoing Gulf conflict. According to industry sources, large volumes of grey fabric have remained unsold as overseas buyers have deferred or cancelled orders, pushing the sector into a period of acute stress. The...
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