 "In Tatters: Mechanisation is a problem but demonetisation has added to weavers' woes here, say experts")
In a partial relief for man-made textile units, the rate of goods and services tax (GST) on texurising, twisting, weaving and yarn-dyeing has been reduced from 18 per cent to 5 per cent. Although the industry has welcomed the rate reduction, a senior industry representative said that, despite relief, several looms and fabric makers will still have unutilised credit on their books, raising the cost of fabric by 8-10 per cent.
An industry official said that Partially Oriented Yarn (POY), Polyester Filament Yarn (PFY) and Staple Fibre manufactured by virgin chips/granules are covered under the umbrella of "man-made fibres" and
