The textile spinning sector, which is showing signs of pick up, perceives that any announcement regarding extension of export benefit for cotton and yarn would definitely lift the sector out of its present paradox. In a chat M Senthil Kumar, Chairman, Southern India Mills Association said the "bad days are over" for the spinning sector. The domestic market for yarn is better than export; but then unless the Government extends export benefit for cotton yarn Under MIES and 3 per cent interest subvention, exports will not pick up.
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