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DeMo woes: Textile mills staring at a bleak future as sales slump
Rediff.com

DeMo woes: Textile mills staring at a bleak future as sales slump

Recovery seen in Q4, companies continue to focus on enhancing cash flow After a strong start this festive season, textile and apparel manufacturers and retailers suffered a sharp contraction in demand due to the liquidity crisis following demonetisation of high value currency notes in November 2016. If the latest study by Edelweiss Securities is an indication, India's leading pure fashion and lifestyle company, Aditya Birla Fashion and Retail (ABFRL), has lost Rs 100 crore (Rs 1 billion) in ... Rediff.com, 1 month ago
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