Home / Knowledge / News / Textiles / Karur weaving units express dissent over spiraling prices
Karur weaving units express dissent over spiraling prices
06
May '08
The weaving units in the textile town of Karur will observe a strike from May 7 to 9 in a protest against the sharp rise in the prices of yarn in the last few months.

The domestic weaving industry and the export units in the country was anyways suffering immensely due to a series of existing crisis like rupee appreciation, labor shortage, inflation, rising cost of inputs and overheads. Towering yarn prices has done the remaining bit to create difficulties in sustaining the operations of the sector.

Besides, export of waste cotton has further brought about stagnation in the weaving industry pushing up the prices of finished products.

In an exclusive interview with Fibre2fashion, Mr P Gopalakrishnan, Secretary of Karur Textile Manufacturer Exporters' Association stated, “Some 300 exporters, 450 domestic manufacturers, 250 export product manufacturer and 300 dyeing factories are joining hands for supporting the strike.”

Mr Gopalakrishnan also divulged,“Since rupee appreciation and export of waste cotton was already hampering the weaving industry, excise duty was only an additional burden.”

Protestors are basically demanding a control of yarn prices by restricting export of waste cotton, exemption from service tax payable against agent commission in abroad, extension of term loans for 2 years, dual exchange policy, separate trade policy for textile industry and solving the problem of recurrent power cuts.”

Experts believe that about 30,000 laborers may be denied of their wages because of this shut down. In spite of this, another strike will be given force on May 16 in Tamil Nadu wherein all the textile industries and mills will come together for voicing their grievances and making common demands.

Government intervention has been sought to bring about a peaceful solution to the prevalent problems that are inflicting miseries on the textile industry at large.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search