After two days of successful shutdown due to high cotton prices, Tamil Nadu will strike again tomorrow
_large.gif)
23 January 2022, Mumbai:
High cotton prices have been a raging issue for more than a year, and despite several initiatives, they continue to stymie the Indian garment industry's progress. Tirupur clothing exporters staged a two-day walkout in Tamil Nadu to draw attention to the issue.
The strike was organized to draw the attention of the government to the rising cost of living.
Due to the two-day strike, the Tiruppur cluster, which manufactures garments worth Rs. 200 crore per day, would lose about Rs. 400 crore per day.
The strike was effective on the closure point, according to Raja M. Shanmugham, President of the Tirupur Exporters' Association (TEA), but they are still waiting for answers. Yarn costs have climbed about 75% in the previous two years, with 40s count hosiery costing Rs. 230/kg before the epidemic and now costing Rs. 400/kg.
Exporters anticipate a meeting with MOT in the next few days, at which the problem will be discussed once more. Meanwhile, Palladam and Tirupur powerloom, garment, and hosiery makers have called a hunger strike for tomorrow (21 January) across the state.
Tiruppur utilizes over 30 lakh kg of yarn every day, and the rise in raw material prices has hampered garment manufacture. The unions are calling for a ten percent import levy on cotton to be removed, as well as price control measures for yarn.
Stay Updated.
Follow us on Linkedin & Youtube.
