Tirupur's knitwear industry holds two-day strike over high prices
From January 17, the Tirupur Exporters' Association led a two-day strike in Tirupur to protest high yarn prices and bring attention to the struggles of the knitwear industry.
Yarn prices have been high for the past 15 months and this has had a significant financial effect on Tirupur’s knitwear industry, according to the Tirupur Exporters' Association, the Press Trust of India reported. The aim of the protest was to bring the matter to the attention of the central government with the hope that it will introduce measures to combat the price increases.
The strike saw the majority of industries related to garment manufacturing in the area shut their shutters for two days with printing, dyeing, and knitting businesses, as well as ready-made garment manufacturing businesses remaining shut to show their solidarity. The strike would cost the industry around Rs 350 crore, the Tirupur Exporters' Association predicted, prior to when the strike began.
High yarn prices have greatly affected the yarn industry as manufacturing units have been unable to attract orders for goods due to the high prices in India compared to competitor nations. Manufacturers are also struggling to fulfil orders on prices quoted at an earlier time, according to the Tirupur Exporters' Association.
In a separate strike, over two lakh job work power loom units in Coimbatore and Tirupur are protesting the official order to revise industry wages. The strike had entered its ninth consecutive day on Monday.
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