Cotton Textile Industry in India - Economics Discussion
The newly erected mills, being equipped with up-to-date machinery, turned out better quality products. By 1903—04, there were 204 mills with 46000 looms and 5,21,000 spindles, representing an investment of rupees 17 crores and employing, 1,86,000 persons directly. Of these mills, 84 were in Bombay city and 32 in Ahmedabad.