business π TN Textile Mills are finally upgrading operations
Textile mills in Tamil Nadu are starting to make significant capital investments following a major industry crisis. KPR Mills, located in Coimbatore district, announced a βΉ260 crore investment to modernize two spinning mills by the end of Q3/Q4 this financial year. The revival is driven by increased demand for cotton and blended yarns, with China being a primary yarn buyer. Mill owners are leveraging current market upturns to improve productivity and automation. However, they remain worried about the rising daily prices of cotton eroding profitability. π