by Apparel Resources News-Desk
25-June-2018 | 1 min read
In view of sharp rise in prices of cotton and yarn, the Tirupur Exporters and Manufacturers Association (TEAMA) which represents the micro and small knit garment manufacturers and exporters from from the city, has requested the government to ban export of both the items.
The request was made by TEAMA president MP Muthu Rathinam during his recent meeting with Prime Minister Narendra Modi.
The situation has caused severe crisis in the domestic textile industry in Tamil Nadu. Many knitwear manufacturers are even forced to close down operations as they are unable to bear further losses.
According to TEAMA president, the government should permit export of raw material only after fulfilling the domestic need of the textile industry in the country. He claims, the local industry would get sufficient raw materials once the government starts keeping an eye on cotton and yarn.
Cotton and yarn crisis has begun to worry Tamil Nadu’s yarn and garment manufacturers, who are struggling with exaggerated raw material costs. The situation also affects the state’s exporters who are vulnerable in the global market due to availability of cheaper goods from Bangladesh, Vietnam and Cambodia.
In the past, entrepreneurs from Tirupur took several steps to ship in cotton from Gujarat, instead of road transport, in order to make it available at cheaper prices.
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