Why is it important to improve our weaving sector instead of exporting yarns in large quantities
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Yarn is an unprocessed product, and thus it has a lower value.It is used as a raw material in textile industries/ weaving to produce fabric(cloth), After which it can be sold for a much higher value.
If we export yarn in large quantities, the profit gained is low, and the whole process would employ less people, but if the weaving sector is developed, the yarn can be used in indigenous industries,which would employ more people and generate higher profits. thereby, becoming a more favourable option as compared to just exporting it.
If we export yarn in large quantities, the profit gained is low, and the whole process would employ less people, but if the weaving sector is developed, the yarn can be used in indigenous industries,which would employ more people and generate higher profits. thereby, becoming a more favourable option as compared to just exporting it.
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