Tirupur garment units protest against rise in yarn prices
"We want the government to immediately regulate the exports to ensure the supply of yarn to the domestic industry," Tirupur Exporters Association President Raja Shanmugam.
New Delhi: Garment manufacturers based in Tirupur, a major textile cluster in Tamil Nadu, will shut their units on Monday to protest against the steep hike in yarn prices over the last six months which industry officials said has crippled the industry.
Tirupur-based industry representatives spoke to PTI about their ordeal in terms of order cancellations and margins being hit owing to the yarn price hike, and appealed that the Centre must regulate the exports of yarn, the key raw material in garment manufacturing.
They shared that the shortage of yarn in the domestic market has led to a rise in production cost for the hosiery and knitwear industry.
“We want the government to immediately regulate the exports to ensure the supply of yarn to the domestic industry,” Tirupur Exporters Association President Raja Shanmugam told PTI.
He stressed that the raw material should not be exported until the needs of the domestic industry are met.
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