Garment manufacturers in Tirupur have again come together to oppose the massive hike in yarn price and have decided to take immediate steps.
In the latest developments, all leading associations in Tirupur decided to meet MPs and political leaders to help address the yarn price issue.
In a meeting that took place on Wednesday, garment associations like TEA, SIHMA, TEAMA and other stakeholders’ associations like KNITcMA and DAT discussed this issue. All of them strongly agreed to take action.
The industry is in shock as on 2 May there was hike of Rs. 40 per kg in cotton yarn prices for all counts.
Also Read: Apparel manufacturers of Tirupur (India) on 6-day strike!
In a joint statement, various trade associations said, “It has been unanimously decided to meet K. Subbarayan, Member of Parliament and other political leaders in this region, explain the plight of Tirupur garment sector and job working units’ position and request to form a delegation to meet Prime Minister Union Minister of Commerce and Textiles and Union Minister of Finance for their demands.”
The trade bodies strongly demanded the temporary ban on cotton and said no farmers are going to be affected as now cotton is left with the traders only. They urged temporary ban on yarn exports or calibration formula to be invoked to ensure the required supply of yarn to the domestic industries and removing the cotton from the commodity list, which facilitates the derivative trade options endangering the entire value chain.
It was also insisted that there is a need to declare cotton into Essential Commodities Act.







