Strike in dyeing/bleaching units may curb knitwear exports
03 Jan '07
1 min read
If the strike in Tirupur's dyeing/bleaching units goes on till next week, cotton knitwear exports could be hampered greatly. These units had decided to stop functioning from January 1, 2007 as a reaction against the fine of six paise per litre of effluent discharge imposed by Madras High Court.
Businessmen have put in Rs25,000 crores in about 3,000 facilities, including embroidery, stitching, packaging and labeling ones, which sustain livelihood of five lakh workers according to S Sakthivel, Executive Secretary, Tirupur Exporters Association (TEA). Unless cloth is dyed, other facilities cannot complete finishing procedures.
Production of all knitwear units will slow down if this strike continues for one week more. Exporting firms have already booked orders worth over Rs1,000 crores which have to be shipped in first two months of 2007.
Dyers association as well as TEA arranged emergency meetings and approached State Government and Prime Minister to solve the issue. Sakthivel alerted that country will have to give up its profitable foreign markets if importers take interest in other nations.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
