Making his suggestions in the light of reports of a spike in the price of cotton yarn, Mr. Palaniswami, in a statement, wanted the State government to hold talks with bodies representing textile manufacturers, handlooms, power looms, importers, and exporters and resolve their issues.
The government should take stern action against those hoarding cotton and yarn; provide a subsidy on yarn and impress upon the GST Council to get the 5% tax removed on yarn and cotton.
Referring to the pace of production of dhotis and sarees under a government-funded scheme, the former Chief Minister said adequate yarn was said to have not been provided to weavers, hampering production. This should be set right immediately, he demanded.
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