Tiruppur garment exporters down shutters
The Hindu
They want the government to control cotton and yarn prices
The garment units in Tiruppur that cater to export and domestic markets downed shutters on Monday demanding action from the government to control cotton and yarn prices.
Raja M. Shanmugham, president of Tiruppur Exporters’ Association, said the units in Tiruppur cluster produce goods worth ₹ 200 crore a day. The manufacturing units decided to remain shut on Monday and Tuesday (January 17 and 18) to demand action against increasing cotton and yarn prices.
Yarn prices increased almost 80 % in the last two years (pre-COVID times to now), he said. The price of 40s count hosiery yarn was ₹ 230 a kg before the pandemic and it is ₹ 400 a kg now. This is the trend for other counts of yarn, he added.
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