After Tirupur, now Erode-based textile firms went on strike against high yarn price as over 3,000 textile traders closed their organisations for a day.
Notably, members of Erode Cloth Merchants’ Associations downed their shutters for a day. Here it is important to mention that after Coimbatore and Tirupur, Erode is also a leading textile hub of Tamil Nadu.
Just few days back, Tirupur’s apparel industry had also gone on a day-long strike over the same issue.
Textile-dominated markets of the city like Kongalamman Kovil Street and Eswaran Kovil Street remained completely shut.
Kalaiselvan, President of the association said, “The price of yarn is on the upward trend for many months now as we are unable to sell our products. This closure for the day resulted in loss of business transactions to the tune of Rs. 50 crore and affected over 40,000 daily earners and workers, including load men and vehicle drivers.”
Traders of the city have urged Union and State Governments to intervene and regulate the yarn price and also fix the price once or twice in a month.
Due to everyday changing price of yarn, traders have been unable to take orders from customers.
It is pertinent to mention here that the issue of high yarn price is a nationwide problem and just few days back trade bodies had also come together with a helpline for the same.
