Tirupur: To attract central attention to abnormal increases with cotton prices and threads, garment exporters here plan to close their units on January 17 and 18.
Rise prices have reached a blow approaching industry, President Tiruppur Association of Exporter (Tea) King M Shanmugham said.
“This will have a cascading effect on all stakeholders, including banks and cotton farmers.
But the union government does not take steps to regulate prices,” he said.
A few days ago, Shanmugham had looked for the Interventions of the Minister of Textile Piyush to help export the unit.
“The unit loses competitiveness in the global market, which will put MSME sustenance at risk and generate work losses.
This center must control the price of a cotton that continues to increase by breaking trader cartelization, removing import duties on cotton and prohibits cotton exports,” he said.
The Secretary of the Textile Department has called for a meeting with all stakeholders on Thursday, the official said.
“At the meeting, we plan to highlight the sad conditions of the units and ask him to protect the garment exports unit worth the added garment here.” “I have sent a letter to the Association of Textile Factory, South Indian Mills Association (SIMA), Tamil (SIMA), Tamil Association of Nadu Spinning Mills and the Indian Texpreneurs Federation to advise members not to increase the price of threads disproportionate with the increase in cotton prices because it will affect the sector The knitted garment is worth adding, “Shanmugham added.
Garment units are set to protest steep rises in cotton, yarn prices
