There has been no decline in the production of yarn in the country during the last three years.
Policy for Importing Yarn
Goods including yarn are imported into the country as per import policy laid down in Indian Trade Classification (Harmonised System) [ITC (HS)] Classification of Export and Import Items, 2012. Further, any domestic concern arising out of imports are addressed by appropriate trade defense measures like anti – dumping duty, counter – veiling duty and safeguard duty. Whenever Indian industry is affected by cheaper imports, it can seek remedies from the Government under the above provisions. To protect and eliminate threat to domestic industry caused by unfair trade practices of dumping of goods into the country, Directorate General of Anti-Dumping and Allied Duties (DGAD) conducts anti-dumping investigations, on the basis of duly substantiated petition filed by the domestic industry.
Countries from which yarn is imported
India is importing yarn from China, Hongkong, Italy, Indonesia, Pakistan, Bangladesh, Nepal, Sri Lanka, France, Vietnam, Japan and Republic of Korea.
Steps to enhance the production of yarn in the country
The Government has been implementing various policy initiatives and schemes like Schemes for the development of the Power-loom Sector, Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP), etc. Further, the Government has also recently launched a Rs. 6000 crore Scheme for Production and Employment Linked Support for Garmenting Units (SPELSGU) under ATUFS to incentivize production and employment generation in the garmenting Sector. These initiatives and schemes will help in the development of the downstream value added segments which in turn will create increased demand for yarn and thereby lead to increased production of yarn.