Ban yarn exports until prices stabilize: Tirupur knitting units

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Coimbatore:

No less than 117 stakeholders involved in textile production, including dyeing units, exporters and unions resorted to a strike condemning the Center for its inability to control yarn prices.

“The price of yarn has increased from Rs 120 to Rs 150 per kg in the past year alone. This has led to a surge in yarn prices up to Rs 350 per kg. We protested after the Center also turned a blind eye to our demands to curb price increases, ”said Tiruppur Exporters and Manufacturers Association (TEAMA) President MP Muthurathinam.

As a result of the call for protest, more than 80% of the companies involved in textile production and their allied units remained closed, resulting in a loss of production of Rs 300 crore. In addition, most stores selling textile products remained closed in the city.

In addition to the strike, a large number of exporters, local manufacturers, union members and political party members observed a day-long hunger protest sit-in outside the Company’s office.

The sharp rise in yarn prices has ruined the livelihoods of 13 lakh people dependent on the textile industry. “The government should immediately ban all exports of cotton or cotton yarn until yarn prices stabilize. Hoarding of yarn to create an artificial price increase should also be suppressed, ”Muthurathinam added.

Loom makers, who also halted production against rising yarn prices, submitted a petition to district administrative authorities claiming that more than a lakh of loom units in Palladam and the regions neighboring Tirupur were affected and requested government intervention to find a permanent solution to their problem. problem.


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