Textile industry seeks Centre’s intervention to stabilise cotton prices
26 November 2021, Mumbai:
Madurai MP Su Venkatesan has written to minister Plyush Goyal to bring down cotton and your prices s time for an effective intervention from the Centre to stablise cotton prices.
The government cannot evade it's responsibility, leaving the textile industry to suffer. The government policies have also contributed to the current crisis. He said the Cotton Corporation of India should take the responsibility to stabilize the cotton price and supply to the spinning mills at a fair price.
PMK founder S Ramadoss said it was the duty of the central and state governments to protect the interests of the workers of the garment industry by addressing the yarn price rise issue.
As an interim measure, he said, the Centre should ban cotton and yarn exports which would arrest the shortage and ensure availability to domestic players. As a permanent solution, he said, the government should encourage cotton cultivation by providing incentives.
The TN government should form a state cotton corporation to procure cotton grown here and spin yarn.
AMMK leader TTV Dhinakaran tweeted expressing solidarity with Tirupur garment manufacturers and urged the Centre to bring down the prices.
TOI (The news article has not been edited by DFU Publications staff)
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