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Nov 27, 2009, 05.51 PM IST
Cotton prices, globally, have jumped up. However, it was a fairly decent cotton crop in India. Dinesh Oswal, Managing Director of Nahar Spinning Mills, spoke about how it impacted his company.
Cotton prices, globally, have jumped up. Dinesh Oswal, Managing Director of Nahar Spinning Mills , spoke about how it impacted his company.
Here is a verbatim transcript of an exclusive interview with Dinesh Oswal on CNBC-TV18. Also watch the accompanying video.
Q: What is the kind of cotton prices which you are likely to pay? Will this global cotton scarcity mean that our prices also move up?
Q: How does the currency affect you? We have seen very serious depreciation on Chinese banks. Has that impacted your competitiveness in any way or are these companies, which are depreciating their currencies, not competing in the yarn space?
Q: What kind of profits or margins are you likely to end with in the current year?
Tags: Nahar Spinning Mills, Dinesh Oswal, cotton prices, global cotton scarcity, Chinese banks, currency
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