Yarn spinners have gone on a spree to increase yarn prices post-Goods and Service Tax (GST), regardless of power loom industry leaders filing a complaint for artificial price hike with the anti-profiteering screening committee. The production of grey or unfinished fabrics has seen a remarkable decline from 4 cr mtr per day to less than 2 cr mtr per day. Federation of Indian Art Silk Weaving Industry (FIASWI) Chairman Bharat Gandhi said, “The situation in power loom sector has gone bad to worse. Job creators have become job seekers. The weavers have reduced grey manufacturing capacity by almost 50 per cent.”