Home / Knowledge / News / Textiles / Power-loom units on strike, seek old conversion rates

Power-loom units on strike, seek old conversion rates

19
Aug '09
About 200,000 power-loom units, largely the job working units at the borders of Coimbatore and Tirupur Districts were on a strike since August 5, 2009. This strike is to protest against the 10 percent reduction in the conversion charge of yarn.

As per the contracts given by the power-loom cloth dealers, the job-working powerloom units convert yarn into fabric. As the talks among power-loom units and cloth dealers were not reaching any conclusion, these working units in Coimbatore region decided to go on strike.

These units are seeking rates which were paid to them earlier for conversion of yarn into fabric and also exemption from the Rs. 80 lakhs fine imposed by the Tamil Nadu Electricity Board (TNEB) for exceeding power consumption, informed President, Coimbatore Job working Power-loom Units Association, Mr. Kumaraswamy.

The conversion rate per meter of fabric is Rs. 12-20, depending on the quality. These rates have been reduced by 5 to 10 percent on account of plunge in demand due to economic slowdown. “It is not possible commercially to give orders at previous rates”, said Mr. Duraiswamy, Joint Secretary, Coimbatore District Power-loom Dealers' Association.

Around 50 meters of fabric can be produced at a power-loom, at an average cost of Rs. 15 per meter. All the power-loom units in the region produce Rs. 15 crore worth of total fabrics per day. Around 65 percent of the overall fabric produced in the region is exported directly or indirectly to the global markets, mainly to African markets.

As per Duraiswamy's figures, these exports have now slipped down by 25 to 30 percent due to recession.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Aug 2019

US firms told to leave PRC after tariff hike announcement

China on August 23 announced tariff hikes on $75 billion worth US...

Finance minister Nirmala Sitharaman addressing a press conference. Pic: PIB

Textiles | On 24th Aug 2019

Pending GST refunds for MSMEs within 30 days: Indian FM

All pending goods and services tax (GST) refunds that are due to...

Pic: Shutterstock

Retail | On 24th Aug 2019

Amazon to acquire 49% stake in India’s Future Coupons

US e-commerce company Amazon has agreed to make an equity investment...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


August 2019

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

news category


Related Categories:

Advanced Search