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Nation Current Affairs 16 Jun 2018 Tirupur garment expo ...

Tirupur garment exporters demand ban on cotton, yarn exports

DECCAN CHRONICLE. | S KATHTHASAMI
Published Jun 16, 2018, 2:39 am IST
Updated Jun 16, 2018, 2:39 am IST
Some knitwear manufacturers are under pressure to close their units without bearing further losses.
Tirupur Exporters and Manufacturers Association.
 Tirupur Exporters and Manufacturers Association.

Tirupur: The Tirupur Exporters and Manufacturers Association (Teama) has called upon the Central government to ban the export of cotton and yarn as uncontrolled exports caused severe increases in the prices of cotton and yarn in the domestic market.

In a representation to Prime Minister, Mr. Narendra Modi, Teama president M P Muthu Rathinam said, “garment manufacturing industries in Tirupur are facing many problems in both domestic as well as export business. Yarn price hike is a major problem now. Some knitwear manufacturers are under pressure to close their units without bearing further losses.”

 

According to him, export of cotton and yarn in huge quantities creates shortage for these raw materials for the domestic textile industry. He said, “raw material exports should be permitted after fulfilling requirements for the domestic textile industry in the country. It will ensure adequate raw materials for local industries and control cotton and yarn prices.” 

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