Nov 27, 2021,
Tirupur: Garment manufacturers here held a day-long hunger strike on Friday to protest against the sharp increase in yarn prices. According to industry insiders, over 80% of the manufacturers downed shutters, affecting business worth over Rs 300 crore.
The unprecedented yarn price rise triggered by high cotton prices has been taking a toll on small manufacturers, said a representative of the over 117 textile bodies that took part in the hunger strike. While there is enough cotton to meet the demand, unchecked hoarding by agents has led to price escalation, said Tirupur Exporters and Manufacturers Association (Teama) president M P Muthurathinam.
“This further resulted in spinning mills increasing yarn prices. The artificial price rise has been adversely impacting the garment industry of Tirupur, which has an annual turnover of Rs 27,000 crore. As much as 90% of the manufacturing units here are micro and small-scale enterprises.
The dynamic cost of raw material has been affecting export orders because of the competitive cost offered by countries like China, Bangladesh and Pakistan. Even worse, the country is on the verge of importing garments from Bangladesh,” he said.
The protestors sought immediate ban or regulation on export of raw cotton and yarn. They urged the Cotton Corporation of India Limited to offer raw cotton to textile industries, instead of agents.
Textile industries in the state require 110 lakh bales annually. “By forming a separate body like CCI in Tamil Nadu, the state government can streamline availability of cotton by procuring it from farmers. The government should also set up a welfare board for the 12 lakh employees in the sector,” the representative added.
Muthurathinam requested chief minister M K Stalin to urge Lok Sabha members to stage a protest in New Delhi to press garment manufacturers’ demands. (Source: timesofindia.indiatimes.com)