Green shoots now visible in spinning segment

For the past four to five years, stand-alone spinning segment in India was performing very poorly (with an unsustainable EBITDA margin of 7 to 8 per cent) compared to all other segments of the textile value chain. However, now due to pent-up demand for finished goods, there is good demand for yarn, and some much-needed green shoots are visible in the segment, according to the Indian Texpreneurs Federation (ITF).