Owaisi Slams Yarn Price Surge, Seeks Relief For Weavers
In a social media post, Owaisi noted that yarn prices have skyrocketed in just one month, while fabric prices remain flat.
HYDERABAD: Hyderabad MP and AIMIM president Asaduddin Owaisi has raised alarm over a sudden, massive spike in cotton and PC yarn prices, warning that it is crippling the micro‑powerloom sector in key weaving hubs such as Malegaon, Bhiwandi, Ichalkaranji, Surat, Varanasi, Erode and Coimbatore.
In a social media post, Owaisi noted that yarn prices have skyrocketed in just one month, while fabric prices remain flat. This mismatch, he said, is driving tiny weaving units into deep losses, forcing production cuts and closures, and triggering mass unemployment in one of India’s most labour‑intensive industries, which employs 4–6 million people nationwide.
He called for immediate action from Union textiles minister Giriraj Singh and commerce and industry minister Piyush Goyal, including halting raw cotton and yarn exports, waiving import duties on raw cotton, imposing anti‑dumping duties on Chinese imports, and boosting export incentives for fabrics and garments to safeguard MSME weavers.