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A discussion meeting on increase in yarn prices

07
Dec '09
An Urgent General Body Meeting of the Association, was held on 5th December 2009 at 11.00 a.m. to consider the situation arising out of steep hike in yarn prices and a large number of members participated.

Shri.A.Sakthivel, President after welcoming the gathering, highlighted the plight of the export industry due to the sudden and steep hike in yarn prices and explained the efforts taken by the Association, with Government as well as Spinning Mills sector and sought the views of the members. All the members were equivocal in stressing that the yarn price hike has brought in strangling effect on the industry and it shall be impossible to exist if the situation continues.

Subsequently, the following resolutions were unanimously passed;-

1. “Resolved to request earnestly all other Spinning Mills supply yarn to the garment industry, to reciprocate the graceful gesture of the Spinning Mills, set up by the Garment Exporters, who have come forward, to effect a sympathetic reduction of Rs.5/- per Kg. to maintain a cordial relationship and the survival of Garment Export Industry is vital to entire Textile Industry and also in consideration of a trade of Rs.7,000 Crores which has been the root cause of the growth and expansion of the Spinning Industry. The meeting expressed hope that all Mills will reduce the price at least Rs.5/- per Kg.

2. Resolved that if the situation continues, that if the yarn prices continues to increase, then all efforts should be made, to effectively impress upon the Government the necessity to regulate the export of yarn, since any export at the cost of Domestic Industry shall be detrimental to the employment and economy of the nation.

3. Resolved that if this painful plight continues, then all efforts will be taken, to have a one day token strike at National level after having consultations with other Associations to get the attention of Government, to get redressal of the grievances of this high employment potential industry and to help it to sustain and survive.

Tirupur Exporters Association


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