Tirupur: The Tirupur Exporters and Manufacturers Association (Teama) has called upon the Central government to ban the export of cotton and yarn as uncontrolled exports caused severe increases in the prices of cotton and yarn in the domestic market.
In a representation to Prime Minister, Mr. Narendra Modi, Teama president M P Muthu Rathinam said, “garment manufacturing industries in Tirupur are facing many problems in both domestic as well as export business. Yarn price hike is a major problem now. Some knitwear manufacturers are under pressure to close their units without bearing further losses.”
According to him, export of cotton and yarn in huge quantities creates shortage for these raw materials for the domestic textile industry. He said, “raw material exports should be permitted after fulfilling requirements for the domestic textile industry in the country. It will ensure adequate raw materials for local industries and control cotton and yarn prices.”