Thiru.K.K.S.S.R.Ramachandran, Hon'ble Minister for Handlooms & Textiles explained the paramount importance of textile industry in Tamil Nadu and also mentioned the initiatives taken by our Hon'ble Chief Minister and Tamil Nadu Government in the welfare of textile industry. The Hon'ble Minister has requested all to have a peaceful understanding to protect the textile industry in Tamil Nadu.
After deliberations, Thiru.Dayanidhi Maran also explained the steps taken by the Central Government to protect the textile industry and requested all sectors to come to an understanding for the welfare of all textile sectors. Finally, the Minister advised the cotton traders to try and bring down the cotton prices to the maximum possible extent.
Both Ministers appealed to the mill sector and cotton sector that they should also bring down the cotton and cotton yarn prices.
After deliberations, it has been decided in the meeting to reduce the cotton yarn prices for all counts and for 40s Combed Hosiery Yarn, the price will be reduced to Rs.195/- per Kg and the proportionate reduction in price will also be carried out for other counts yarns. It was also decided to maintain the same yarn price for three months, even after the cotton prices goes down decline from the existing prices.
In this regard, SIMA, Coimbatore and TASMA will sign an agreement with TEA & AEPC shortly.
Finally, the participants appreciated and thanked the Hon'ble Union Minister of Textile, Thiru.Dayanidhi Maran, Tamil Nadu Government and officials from Central and State Governments for convening the meeting.
The Association is yours and will do its best efforts for the welfare of knitwear export sector.
Tirupur Exporters' Association
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