Related Keywords: 1 lakh power loom machines, crude oil prices, Federation of Indian Art Silk Weaving Industry, power loom units, power loom weavers, production of grey or unfinished fabrics, yarn prices, yarn spinners
Yarn spinners have gone on a spree to increase yarn prices post-Goods and Service Tax (GST), regardless of power loom industry leaders filing a complaint for artificial price hike with the anti-profiteering screening committee. The production of grey or unfinished fabrics has seen a remarkable decline from 4 crore metre per day to less than 2 crore metre per day.
