Appreciating the Textile Ministry’s decision to launch a third party study to investigate cartelization in the yarn sector, A Sakthivel, Chairman, AEPC said, the move will set an example for a data driven management of the supply chain imbalances.

Sakthivel, assured the ministry that AEPC will fully cooperate with the third-party study on spike in cotton yarn prices. He said, the study will help curb steep increase and unpredictability in availability of cotton and yarn which is hampering the apparel industry’s order book planning and overall competitiveness of the entire value chain. It will also help in saving the livelihood of a lot of workers in the power loom sector and apparel industry, he added.

Earlier, Smriti Irani, Textiles Minister, announced that the Ministry along with the textile Commissioner's office aims to undertake a third-party study into sudden spikes in cotton yarn prices that are affecting the prospects across the value chain of Indian textiles.