The spinning industry in India has truly emerged world class, with the youngest machinery installed among all the textile producing nations and with 30-40 per cent higher productivity than even China. The higher capital cost is therefore better absorbed by the Indian spinners as compared to their Chinese counterparts. Besides machine productivity, the Indian spinning industry has mastered the art of rapid training of workforce. It enhances the production utilization and thus return on investment is higher. It is little wonder that yarn has been the most dominant growth driver among the various textile products exported, with its exports growing at a 30 per cent y-o-y in value terms. Should the few policy aberrations that creep in from time to time get resolved, investment in this evolved manufacturing sector will grow rapidly, particularly in States where cotton is surplus and attractive incentives are being offered. Here the aim is to carry out study of various spinning industries in India to show the production utilization and return on investment.