Maha: Malegaon powerlooms to shut for a week

The powerloom sector in Malegaon, which produces grey cloth worth about Rs 45 crore daily, will be observing a week-long closure from Tuesday due to a sharp fall in demand and sky-rocketing yarn prices over the past one month.

from Pune News, Latest Pune News Headlines & Live Updates - Times of India https://ift.tt/38wqKTC

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