Modern Machinery Is Not Enough

IT is indeed ironical that the silver jubilee of the Indian Cotton Mills Federation should have come off at a time when the industry is in deep trouble. The rich tribute s paid to the ICMF for its services to the industry may seem very appropriate to the occasion but they sound odd in the context of the marked deterioration in the industry's health over the years. Taking the public and private sector mills together, nearly 45 per cent of the total spinning capacity and 60 per cent of the weaving capacity is accounted for by sick units. All this has come about during the past 25 years.