Chennai, Jan 8 (BPNS)
The Tiruppur garment export units are shutting down on January 17th and 18th due to high cotton yarn prices. This is to attract the attention of the central government on the high prices that are creating problems for the exporters.
Tiruppur Exporters Association (TEA) president Raja A. Shanmugham while speaking to BPNS said, “ The union government is yet to act in the higher prices of cotton yarn which is increasing by the day creating problems for our very existence. We are not able to compete with the prices of Bangladesh, China, and Vietnam, and the Government of India must immediately intervene in this matter or else more than 6 lakh workers will be affected.”
He said that the import duty of cotton must be removed and there should be prevention of export of cotton from India.
Meanwhile, the Textile Secretary has called for a meeting of all the stakeholders of the industry including the Cotton yarn producers, exporters, importers of Cotton, and the garment exporters on Thursday.
Raja Shanmugam said, “ We are planning to highlight the poor conditions of our units and will request the Government to intervene in the matter to protect the value-added garment exporting units of Tiruppur.”
