Is the spinning sector, created out of the government’s incentives, gradually withering away? Looks like, judging from the current State of play of the industry. It has been dogged by excess capacity due to low demand at home and abroad, especially from China. Exports have shrunk to an alarming level in the first quarter of 2017-18. Worse, many spinning units have turned non-performing assets (NPAs) with more to follow, if the present situation, continues, due to stringent RBI norms on (NPAs).