Question : Prices of Cotton Yarn

(a) whether the prices of cotton yarn have increased manifold and its prices are fluctuating day-by-day resulting in uncertainty in the textile industries which leads to low production, low employment and low income to both employees as well as employers and low income to the Government;

(b) if so, the details thereof;

(c) whether the Government proposes to take necessary steps to fix the cotton yarn prices and also bring down/lower its prices to boost the textile industries and to save one crore power loom and handloom weavers across the country particularly in Tiruppur and Coimbatore in Tamil Nadu;

(d) if so, the details thereof; and

(e) if not, the reasons therefor?

MINISTER OF TEXTILES
(SHRI PIYUSH GOYAL)

(a) to (e):- A statement is laid on the Table of the House.





STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF THE LOK SABHA STARRED QUESTION NO. *147 TO BE ANSWERED ON 8.12.2021.


(a) & (b): Representation from a few industry associations have been received in the Ministry on the situation of hike in yarn prices. The primary reason for increase in prices of cotton yarn can be attributed to increase in prices of raw cotton, both in domestic and international market. The price of yarn is based on input costs and market forces.


(c) to (e): Ministry has been constantly engaged with various stakeholders across the entire value chain including the stakeholder of Tiruppur and Coimbatore in Tamilnadu.

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