Financing of cotton textile industry in India (Record no. 47656)

MARC details
000 -LEADER
fixed length control field 02577nam a2200193Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220526163915.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 200204s9999 xx 000 0 und d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 8170246415
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 338.47677 NAR
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name "Narasimha Rao, V."
245 #0 - TITLE STATEMENT
Title Financing of cotton textile industry in India
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. New Delhi
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Ashish Pub.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1994
300 ## - PHYSICAL DESCRIPTION
Extent 369: ill.
520 ## - SUMMARY, ETC.
Summary, etc. The Cotton Textile Industry has been occu pying an important place in our country's economy. It has been meeting the clothing needs of millions of people, contributing significantly to the indus trial production, employing large workforce and generating export surpluses.<br/><br/>Never in its one hundred and thirty years old chequered history, the cotton textile industry in India has been in such doldrums as it is at present. Due to incessant uneconomic operation, the industry's financial viability has been deplorably shattered. Many mills in the industry have already reached a stage of financial prostration with complete exhaustion of all the reserves and surpluses and their liquidity position has become most precarious. Many mills have already be come "sick" and some more are in the process of getting sick.<br/><br/>Of the problems that the industry has been facing for the last three decades or so, is the problem of financing which has become a crucial issue and is leading to further problems. Due to low or absence of profitability, the industry has failed to retain more profits and consequently been forced to depend more on external sources, which in turn led to imbalances in capital struc ture. The failure of the industry in the mainte nance of adequate liquidity is the direct result of imbalanced capital structure and inadequate li quidity which in turn is affecting the profitability. Since the industry has been incurring losses for so many years, the payment of dividend, interest and the repayment of principal amounts are becoming a big problem, and further no investor is now ready to provide further funds to the industry. Thus, the cotton textile industry is caught in the vicious circle, and further securing of funds other than the funds under the Soft Loan Scheme of Industrial Development Bank of India (IDBI) is becoming impossible. It is in this context an attempt has been made in this study to analyse the problems in the financing of the Cotton Textile Industry of the Private Corporate Sector in India and to suggest some measures to tide over the crisis.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Cotton textile industries India Finance
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-04   338.47677 NAR 57943 2020-02-04 2020-02-04 Books

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