The Rs 50,000-crore knitwear industry in Tamil Nadu s Tiruppur is set to go on a one-day strike on Monday to protest the spike in yarn prices. Commonly used combed cotton variants such as 30s and 40s which indicate the thickness and fineness of the yarn have seen their prices surge by 24 per cent from Rs 215 to Rs 268 a kilogram. As many as 27 knitwear stakeholders associations and eight trade unions held a meeting to discuss the impact of the sudden and unusual spike in yarn prices and also an irregular supply of yarn in the past three months. About 9,000 worker units, catering to both domestic and export markets, will join the strike. These units employ around 800,000 workers directly or indirectly.
Customs duty on cotton imports disappoints textile sector
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‘It will make import of branded cotton expensive’
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‘It will make import of branded cotton expensive’ The textile and clothing sector here has expressed disappointment over the levy of customs duty on cotton imports in the Union Budget.
Manoj Patodia, chairman of the Cotton Textiles Export Promotion Council, said that the plan to establish seven mega investment textile parks in three years was a positive step towards making the industry globally competitive. It would attract investments and boost employment. However, the plan to levy customs duty on cotton imports would make import of branded cotton expensive.
Textile industry welcomes announcement on parks in Budget 2021
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Last Updated: Feb 01, 2021, 06:42 PM IST
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In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega integrated textile region and apparel parks (MITRA).
Budget 2021: 10 key takeaways from FM Sitharaman’s announcements for MSME sector
Coimbatore: The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks. In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega integrated textile region and apparel parks (MITRA).
Budget 2021: Textile industry welcomes announcement on parks
With the concept of the parks with a plug-and-play model, the textile and apparel sector, particularly the SMEs (small and medium enterprises), can build competitiveness in manufacturing, ITF convenor Prabhu Dhamodharan said in the statement
PTI | February 1, 2021 | Updated 20:24 IST
The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks. In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega integrated textile region and apparel parks (MITRA).
With the concept of the parks with a plug-and-play model, the textile and apparel sector, particularly the SMEs (small and medium enterprises), can build competitiveness in manufacturing, ITF convenor Prabhu Dhamodharan said in the statement. Further, the parks can be aligned with env
Updated Feb 01, 2021 | 19:41 IST
Welcoming the budget, president of Tirupur Exporters Association Raja M Shanmugham termed it as a pragmatic one presented to address all issues in the sectors Textile industry welcomes announcement on parks in Budget
Coimbatore: The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks.
In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega integrated textile region and apparel parks (MITRA).
With the concept of the parks with a plug-and-play model, the textile and apparel sector, particularly the SMEs (small and medium enterprises), can build competitiveness in manufacturing, ITF convenor Prabhu Dhamodharan said in the statement.