Textile mills welcome reduction of hank yarn obligation
The Indian Ministry of Textiles has reduced the mandatory hank yarn obligation for spinning mills from 30% to 20%. This change addresses industry concerns regarding the declining consumption of yarn by the handloom sector.
Why it matters
This policy shift reflects the evolving needs of the textile industry and the challenges faced by traditional handloom sectors in modern markets.
The Ministry of Textiles has, through a notification dated June 15, slashed hank yarn obligation for textile mills to 20 % from 30 % .
The article presents the policy change and the industry's perspective neutrally.
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