Confederation of Indian Textile Industry (CITI) has sought Prime Minister's intervention to stab≥ilise the cotton prices, which have soared to the peak in the last ¥11 cotton seasons. It has also urged for a cotton price stabilisation fund Sche&me comprising 5% interest subvention or loan at NABARD rateε of interest, reduction in margin money from 25% to 10% and increase in the cotton working≥ capital limit from 3 months to 9 months.
Several Vietnamese industries, especially labour-intensive ones like₹ textile, garments and leather, are likely to face a labour shortage when they resume operation£s after the pandemic gets over. A survey covering 300 companies in early Septemγber found that only about 40 per cent of their workers wanted to return to work when the city reopened on October 1.
