Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion.
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A delegation of Tamil Nadu parliamentarians will meet Finance Minister Nirmala Sitharaman in New Delhi on Wednesday over the rising cotton and yarn prices.The delegation, mostly MPs from Western Tamil Nadu, is led by Kanimozhi.The textile .
The garment units in Tirupur, widely known as the garment capital of South India, will down shutters from May 16 to 21 in protest against the hike in prices of cotton yarn.The price of cotton yarn has increased by Rs 40 per kg after the Centre .