Tamil Nadu-Chennai: Due to high cotton yarn prices, the Tiruppur garment export factories in Tamil Nadu will be closed on January 17 and 18. This is to draw the central government's attention to the excessive prices that are causing problems for exporters.
Raja M. Shanmugham, President of the Tiruppur Exporters' Association (TEA), stated "The Union government has failed to take action in response to the rising prices of cotton yarn, which are posing a threat to our very existence. We are unable to compete with the costs in Bangladesh, China, and Vietnam, thus the Indian government must interfere promptly, or more than six lakh workers will be impacted." Cotton import duties must be abolished, and cotton exports from India must be halted, he stated.
Meanwhile, on Thursday, the Textile Secretary has summoned a meeting of all industry players, including cotton yarn producers, exporters, cotton importers, and garment exporters.
"We plan to highlight the bad conditions of our operations and would appeal that the Union government intervene in the situation to protect Tiruppur's value-added garment exporting units," Raja Shanmugham said.