In South India, various leading exporters, trade bodies and other stakeholders are on their toes to overcome the challenge of high yarn price and lot of virtual meetings/discussions are taking place in this regard.
And such efforts are giving some positive results also!
Tirupur willnow get support from Gujarat as the Gujarat Spinners Association has assured to supply yarn to apparel manufacturers of Tirupur.
The assurance was given during a virtual meet organised by AEPC with members of the association recently.
Saurin Parikh, President, Gujarat Spinners Association, said in last 20-25 days prices had reduced and many countries, except Bangladesh, stopped importing from India.
As the issue is in limelight and is having a negative impact on apparel manufacturers, Ministry of Textiles (MoT) is keeping an eye on the developments.
Tirupur consumes around 30 to 40 per cent of total knitting yarn produced in India.
Spinning mills of Gujarat were also invited to tap the potential in Tirupur and join hands with knitwear exporters of this garment hub for mutual sustainable growth.
Since last few days, there has been lot of hue and cry in Tirupur as few mills/their traders have increased the yarn price in April also, while it was decided in a meeting that there will be no hike in yarn price during the April month.
Also Read: Yarn price will not increase in April, mills assured
Source :- https://in.apparelresources.com/