UP Government to set up yarn depots to sell subsidized yarn

Union Textile ministry is likely to join hands with the state government of Uttar Pradesh to set up yarn depot to sell subsidized yarn in the state. The state has garnered over Rs. 7000 crore proposals in the investors meet as industrialist are planning to revive the textile sector. The industry had faced problems due to rise in trade union troubles. Now, there are concerted efforts to reopen several closed knitting units in the state