TEAMA in Tamil Nadu demands ban on cotton, yarn exports

24 Jun '18
1 min read

The Tirupur Exporters and Manufacturers Association (TEAMA) in Tamil Nadu has urged the Indian Government to ban the export of cotton and yarn as uncontrolled exports have caused a severe rise in the prices of both these items in the domestic market and have also created a shortage of these raw materials for the domestic textile industry.

‘Yarn price hike is a major problem now. Some knitwear manufacturers are under pressure to close their units without bearing further losses,” TEAMA president MP Muthu Rathinam said in a representation to Prime Minister Narendra Modi.

Raw material exports should be permitted after fulfilling requirements for the domestic textile industry in the country, a report in a South Indian English-language daily quoted him as saying. (DS)

Fibre2Fashion News Desk – India

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