Tiruppur Exporters Association (TEA): Garment units to protest on Jan 17-18, 2022 for the rise in yarn prices
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06 January 2021, Mumbai:
Tiruppur Exporters Association (TEA) announces that garment manufacturing units would go for protest on January 17 and 18 to protest the rise in yarn prices.
“An unfundamental increase in prices of cotton and yarn has left a deep impact on the impact of Tirupur knitwear garment exporting units & on this sector per say.
All stakeholders of knitwear garment exporting units, including banks and cotton producing farmers will also face the consequences,” said Raja M Shanmugham, president of Tirupur Exporters Association (TEA).
Claiming to have already appealed to Piyush Goyal, Union Minister of Textiles, for his immediate intervention to bailout the units from the ongoing crisis, Shanmugham said the textiles secretary has called for a meeting with all stakeholders on Thursday. He said that he would highlight the distressing situation of the Tirupur garment units.
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