Despite the intervention of Union Ministry of Textiles, the industry is facing the heat of high yarn price. Opposing this hike, Tirupur’s apparel manufacturers will witness a one-day strike on 26 November. This strike is a part of the ‘action plan’ to protest the ever-increasing price of cotton yarn.
As per media reports, at a meeting organised by the Tiruppur Exporters and Manufacturers’ Association (TEAMA), it was decided to hold the day-long strike with support from traders and lorry owners association.
It was highlighted in the meeting that the price of yarn, which has gone up by over Rs. 100 per kg in just a year, and the spiralling cost of raw materials are some of the major issues that have been confronting the multi-crore industry for a while.
The price of 30s combed yarn has gone up from Rs. 240 in November 2020 to Rs. 380 in November 2021 for a kilo, causing concern to exporters.
Muthurathinam, TEAMA President, was quoted by a leading English daily, “Since the price of yarn has been increasing constantly for the past one year, exporters and manufacturers in Tirupur have been protesting in one way or the other. We have decided to hold a day-long strike in Tirupur during which all factories and shops will be shut. We want the Governments to intervene and reduce the price.”