The Rise In Cotton Prices Has Led To A Crisis In India'S Clothing Industry.
Tirup, Bohle de M, SomanurAvinashi and Erode.
Textile cluster
Production will be affected.
Cotton price rise
They will stop production for two days and ask the government to stop speculation in cotton trade.
Recently established
Textile Association
The Federation of trade unions and the trade unions held an emergency meeting on Monday to decide that Tirup and four nearby textile clusters were shutting down in September 24th and 25th to protest against the continued rise in cotton prices.
The rise in cotton prices has led to a crisis in the clothing industry. The decision was made by the Federation of Rupp exporters and Manufacturers Association (TEAMA), after the relevant government failed to stop the rise in cotton prices.
The emergency meeting agreed that the abnormal rise in cotton prices has weakened the competitiveness of India clothing in a highly price driven export market.
M.P.Muthurathinam, President of TEAMA, said Tirup, Bohle de M, SomanurAvinashi and Erode's textile cluster will be shut down for 48 hours.
Textile enterprises and workshops will be closed.
The Federation hopes that the coalition government will end speculation in cotton trade. They ask the government to impose a 25% export tax and do not need to restrict exports so that cotton prices can be reduced.
The price of the most fragrant card -6 cotton has risen by about 9000 rupees /candy in the past 20 days.
These associations and trade unions also require the India Cotton Corp to purchase and distribute cotton to meet domestic garment production needs.
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