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Once buzzing with the sound of spinning yarns, the power looms in Maharashtra’s Bhiwandi have now fallen mostly silent. First, dealing with demonetisation that forced an entire sector that had been heavily cash driven to go digital overnight and then came GST that struck a double whammy. Bhiwandi’s power loom sector no longer yields the robust business it did till about five years ago.
undefined: 20 mars 2019
Fakta
Once buzzing with the sound of spinning yarns, the power looms in Maharashtra’s Bhiwandi have now fallen mostly silent. First, dealing with demonetisation that forced an entire sector that had been heavily cash driven to go digital overnight and then came GST that struck a double whammy. Bhiwandi’s power loom sector no longer yields the robust business it did till about five years ago.
undefined: 20 mars 2019
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