Texpreneuers Forum has initiated a study to identify the factors that ail the textile sector with rising bad loans becoming a concern for the textile industry. Credit Rating Information Services of India Limited (CRISIL) has engaged for the purpose. Balance sheets of nearly 200 units, especially those in the spinning sector, that face financial trouble for the last few financial years will be studied apart from analyzing the impact of cotton economy on the financial status of various segments of textile production chain. Prabhu Damodaran, secretary of the forum told that the interim report of the study will be handed over shortly to the center Government to reiterate the demands of the textile sector here for getting various incentives including the coverage of interest subvention scheme for yarn and fabrics exports too apart from the garments.
