Related Keywords: after-effects of implementation of GST, destabilized sector, increasing nylon and polyester yarn prices, Pandesara Weavers Cooperative Society, power loom sector, production of grey fabrics decreased, rally of yarn prices since September, reduced GST on yarn from 18 percent to 12 percent, weavers are incurring loss, Yarn basic raw material
Yarn is basic raw material for power loom sector and the increasing nylon and polyester yarn prices has destabilized the sector further which is reeling under the after-effects of implementation of Goods and Services Tax (GST), despite the fact that GST Council had reduced GST on yarn from 18 percent to 12 percent. The rally of yarn prices is going on since Septtember., said Pandesara Weavers Cooperative Society president Ashish Gujarati.
