Textile units in Tiruppur, Karur, Erode and Salem districts stopped production on Mon as a part of a two-day strike to spotlight the issues they’re facing because of the high costs of cotton and cotton yarn.These units, largely within the MSME sector, demanded immediate measures from the Union government to manage the costs.
“While the cotton worth has crossed ₹1 100000 a candy, the price of cotton yarn has doubled within the last one year roughly, and this is often impacting vesture exports and sales within the domestic market,” aforementioned Raja M. Shanmugham, president of the Tiruppur Exporters’ Association. over ten,000 vesture and allied industries failed to operate in Tiruppur.
In Karur, a hub for the assembly of home textiles, concerning 600 commercialism units and over five hundred makers for the domestic market stopped production.
- Nachimuthu, president of the Karur Textile Manufacturer Exporters’ Association, aforementioned that although there was sensible demand for home textiles within the international market, the increasing worth of yarn was reducing the margins for the makers. the general cost had inflated by nearly twenty fifth for these units. although the patrons had in agreement a worth hike, it failed to recover the complete cost incurred by the makers. whereas the cotton worth was doping up, the mills were increasing the yarn worth often, he claimed.
