As a mark of protest against the abnormal increase in the price of cotton and cotton yarn, Tirupur’s garment units will close garment exporting units on 17th and 18th January 2022.
The industry was also on strike on 26th November 2021 on the same issue.
The garment industry has been forced to do the same as abnormal increase in the price of cotton and cotton yarn leads to a death knell for Tirupur’s garment exporting units.
The Secretary (Textiles) has called for a meeting with all stakeholders of textile industry in this regard.
Raja M. Shanmugham, President, Tirupur Exporters’ Association has said as the cotton and yarn prices have been increased to an abnormal level, the effect of this hike will trigger a disastrous impact on Tirupur’s apparel exporting units including the continuation of workers employed by these units.
Addressing a press conference, he stated that the misfortune will have a cascading effect on all stakeholders of apparel exporting units including banks and cotton producing farmers.
He has already appealed to Piyush Goyal, Union Minister of Textiles for his immediate intervention to bailout Tirupur’s apparel units from the ongoing crisis after considering points like losing competitiveness of the exporting units in the global market, sustenance of MSMEs and also need to protect the employees from the job losses.
Raja said that he has already sent letters to Textile Mills Associations, SIMA, TASMA and ITF to advice their members not to increase the cotton yarn prices disproportionately as increase in cotton prices will totally affect the value-added knitwear garment sector and also help create a win-win situation of both sectors.
