Sir, for the opportunity. My first question pertains to the industry dynamics. Sir, as you indicated close to around 11, 11 and a half million spindles are off the market. So sir, as per your experience, let’s assume that these healthy spreads sustained for a longer period of time. How much period would it take for these capacities to come back into the market or is it more structural in nature, people are right now not investing and it might take couple of years to again come back to that 50, 53 million spindle capacity?
Questions across 2 calls
Cheragh Sidhwa
Bajaj AMC
Vardhman Textiles Limited
So sir, as you indicated before that yarn industry where we saw nearly 11 million spindles going out of the market. Just ballpark or just if you could highlight the similar for the garmenting industry. Have you seen kind of units go out of the market? Just b allpark quantum, how much would that be in Tirupur clusters?
Sure. So just as there has been closures in spindles, at the moment, we have not seen much of closures in the garment business currently.