Related Keywords: festival season, Indorama, Leading spinners, local spinning units, man-made fabric hub, powerloom weavers, Reliance Industtries, stop purchasing yarn, Surat, Textile Industry, yarn prices reduced
Leading spinners including Reliance Industries Limited (RIL), Indorama as well as the local spinning units in and around the Surat, the country’s biggest man-made fabric hub have reduced yarn prices by almost Rs 15 per kg in different categories in the last one and a half month to encourage sale of yarn in the textile industry, but there are no takers.
The powerloom weavers in Surat have stopped purchasing yarn, the basic raw material required in the production of polyester fabrics, due to overproduction and the upcoming festival season.
