Home / Knowledge / News / Textiles / Crumbling Karur textile leaves workers jobless
Crumbling Karur textile leaves workers jobless
22
May '08
The textile units in Karur are facing tough times due to extremely high yarn prices and rupee appreciation. Unable to bear any further, several mills have pulled their shutter down, leaving nearly 20,000 workers unemployed.

In an exclusive interview with Fibre2fashion, Mr P Gopalakrishnan, Secretary, Karur Textile Manufacturer Exporters' Association divulged, “Yarn prices have risen due to unavailability of waste cotton and less number of mills producing required course count which is needed by the local manufacturers. “

The Secretary further stated, “The textile units are facing difficulties as they cannot execute the orders already booked with overseas buyers and are even unable to take new projects because of price hike.”

The textile manufacturers' only ray of hope now remains with the Government. They are looking forward for the officials to intervene in the matter that is severely affecting the industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Jan 2017

Textile & clothing trade fair Momad Metrópolis begins Feb 3

Spanish textile and clothing trade fair Momad Metrópolis will be held ...

Apparel/Garments | On 23rd Jan 2017

Amazon opening ninth fulfilment centre in Texas

Amazon, the world biggest online retailer is opening its ninth...

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Interviews View All

Amit Jain
Shingora Textiles Ltd

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

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search