INDIA: Textile Machinery Sees Decline In Q1
Indian textile machinery manufacturers have seen a sharp decline in sales in 2001, Express India reported. Production of textile machinery stood at Rs 190 crore during April-June, 2001, as opposed to Rs 292 crore during the corresponding quarter of 2000. Figures released by the Textile Machinery Manufacturers' Association (TMMA) show that imports have fallen too, a decline that began in the last financial year.
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