Home > Textile News > 37 industrial companies strike due to high price of cotton & yarn

37 industrial companies strike due to high price of cotton & yarn

Published: 2022-05-19

In Tiruppur, production at the Garments Unit and the Weaving Units in Palladam came to a standstill. Because more than 37 industrial companies have called for a two-day strike on May 16 and 17 to draw the government’s attention to the high prices of cotton and yarn.

37 industrial companies strike to high price of cotton & yarnFigure: The knitwear industry has demanded including cotton under the Essential Commodities list and banning export of cotton and yarn.

Meanwhile, more than 10,000 knitwear manufacturing and allied work units have been shut down in the town of hosiery in Tirupur. The workers will also go on a hunger strike on 17 May as part of the strike.

Knitwear industry organizations including Tirupur Exporters Association (TEA), South India Hosiery Manufacturers Association (SIHMA), and Tirupur Exporters and Manufacturers Association (TEAMA) have given these religions.

Raja M. Shanmugham, President of TEA said, Price of yarn increased by ₹40 a kg this month and cost of cotton has crossed ₹1 lakh a candy. This is a token strike to draw the attention of the government.”

According to President of Tiruppur Exporters and Manufacturers Association, M.P. Muthurathinam,  the strike would result in setback to transactions worth ₹400 crore. Cotton yarn price had more than doubled and from ₹200 a kg to ₹450 in the last 19 months.

On the other side, M. Velusamy, president of Palladam Job Working Units Owners Association said, “There was no supply of yarn from the textile manufacturers and hence the job working weavers did not run the units.”

The powerloom clusters in Coimbatore did not take part in the strike.

The knitwear industry has demanded including cotton under the Essential Commodities list and banning export of cotton and yarn.

It has also sought measures to prevent hoarding of cotton and yarn to bring down the prices.


Reads:770