Related Keywords: crack demand-supply challenges, designed mobile app, failed to find purchasers, platform for mills, production cut to buttress prices, related market data, Spinners in textile hub Tirupur, stock position, update last sold price of yarn
Spinners in Tamil Nadu's textile hub Tirupur have faced acute losses recently as their supplies of polyester and cotton yarn failed to find purchasers. They had to effect a 30% production cut to buttress prices. To help them crack the demand-supply challenges they have designed a mobile app. The app provides a platform for mills to update the last-sold price of their yarn, stock position and related market data.
