In Tamil Nadu, the pricing of yarn has become a severe concern (India)
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In Tamil Nadu, a prominent textile state, high yarn prices have become a severe concern.
The industry in Tirupur is going on strike tomorrow in protest of this. K. Palaniswami, the opposition leader in Tamil Nadu, has requested the state government to grant yarn and yarn subsidies to weavers, as well as cut the import tariff on cotton.
Palaniswami, the former Chief Minister and AIADMK Joint Coordinator, also requested that the State Government wipe out the state's cotton and yarn hoarding.
Palaniswami cited the textile industry's recent spike in yarn costs as an example of how the units were unable to take new orders and also fulfill existing orders with higher input prices.
Hoarding and tax rise on cotton imports, he added, are the primary causes of the price increase, which has impacted handloom and power loom operations. Owners of the power loom, he claims, are selling their equipment to make ends meet.
The members of the Tiruppur Exporters Association (TEA), according to Raja M. Shanmugham, President of the Tiruppur Exporters Association (TEA), "give wholehearted support to the collective decision of all trade groups and labor unions to observe a general strike and hunger strike."
He has also urged his members to make the protest a success so that the Central Government would pay notice and act in the best interests of the value-added garment sector.
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