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Scrap or restrict hank yarn obligation: Spinner trade body
Mar '15
Considering the reducing demand for hank yarns, the union government should either scrap hank yarn obligation or restrict it to 10 per cent instead of the mandated 40 per cent, said an official of a spinning trade body.

Speaking to reporters, D Prabhu, secretary of Texpreneurs Forum said that there was hardly any demand for hank yarns due to the Textile Upgradation Scheme and other initiatives of the government.

The hank yarn obligation was imposed on spinning in earlier times with the intention of providing necessary raw material to handloom weavers.

“However, most of the handloom weavers have now moved on to powerlooms or automatic looms, which has reduced demand for hank yarns,” Prabhu observed.

According to Prabhu, Tamil Nadu produces 3.05 crore kg of hank yarn per month, as against the requirement of 16 lakh kg.

“This has resulted in excess production of 1,880 per cent that is 18 times more than the requirement,” he noted.

Prabhu welcomed the steps taken by the Union Textiles Ministry to review hank yarn policy by assigning the same to an external consulting agency.

He said the forum, which is an association of spinning mills is confident that an unbiased review will arrive at a conclusion, similar to the opinion of the forum.

The Forum also wants the government to shift the Office of Textile Commissioner from Mumbai to major textiles producing states like Tamil Nadu or Gujarat. (AR)

Fibre2fashion News Desk - India

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