Tiruppur garment makers, textile mills call for minimum floor price for yarn
Garment manufacturers and textile mills in Tiruppur have requested the Indian government to establish a minimum floor price for yarn to stabilize costs. They are also seeking policy changes regarding cotton imports and distribution to protect domestic industry margins.
Why it matters
This highlights the ongoing struggle between raw material suppliers and manufacturers in the textile industry, which is a major employment sector in India.
Joint Committee of Tiruppur Knitwear and Textile Cluster has urged the Union government to fix a minimum floor price for yarn.
This was one of the decisions taken at a recent meeting of garment manufacturers in Tiruppur and some of the textile mill associations in Tamil Nadu.
With the garment manufacturers saying that they were hit by the frequent and steep hike in cotton yarn prices, the joint committee meeting was organised.
The participants demanded the Union government to permit yarn exports only if the export prices shot up above the minimum floor price, which will take into account the cotton rates.
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