COIMBATORE, JULY 19, 2018
The Tirupur Exporters’ Association (TEA) has requested its members to ask their buyers to increase the garment prices by 10%. The committee in its executive committee meeting held recently discussed on the increase in cotton yarn prices, job working charges, prices of the accessories and other related expenses.
TEA president Raja M. Shanmugham felt that continuation of the same price would lead to a difficult situation. Hence, the executive committee unanimously decided to ask TEA members to inform buyers to increase the garment price by 10 % while finalising new orders to compensate increase in cotton yarn prices and job working charges. (Source: The Hindu)