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Tirupur plans to increase garment prices by 20%
20
Sep '10
Tirupur Exporters' Association (TEA) organized an Extraordinary General Meeting (EGM) (17.9.2010) in TEA Hall to discuss about the on going cotton crisis and also seeking the views of the members to take further course of action on the crucial issue.

Shri.A.Sakthivel, President, TEA explained the steps taken by the Association chronologically from day one and all the members appreciated the efforts taken by the Association on the crucial issue.

Shri.Sakthivel also informed that a meeting of all major Associations was organized in TEA Board Room before EGM to take further course of action on the cotton issue. President said the all major Associations participated in the meeting had unanimously decided not to resort for any kind of agitation till the next meeting and also wait for the out come of the group of Ministers meeting scheduled on 27.09.2010.

The EGM had unanimously approved the above decision taken by the major Associations in the meeting.

After discussing on the increase in the cotton yarn prices and dyeing charges, the following resolution was unanimously passed in the EGM

Resolved to request the buyers uniformly to enhance the garment prices upwards by 20% immediately after considering the increased in all inputs charges and also increased in the other cost of production.

Tirupur Exporters' Association (TEA)

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