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Nearly 9,000 units and 800,000 workers, who are employed directly and indirectly, are on strike after the Rs 50,000-crore knitwear industry in Tamil Nadu s Tirupur on Monday decided to protest againt the spike in yarn prices. According to industry sources, the production loss is estimated to be around Rs 165 crore due to the strike. As many as 27 knitwear stakeholders associations and 8 trade unions have called for the strike, which will involve about 9,000 worker units, catering to both domestic and export markets. These units employ around 800,000 workers directly or indirectly. The turmoil in garment manufacturing the lynchpin of Tirupur s economy has had a cascading effect on the entire value chain in the region, said Raja Shanmugham, president of Tirupur Exporters Association.

Tamil naduNirmala sitaramanRaja shanmughamVinod kumar guptaSmriti iraniTirupur exporters associationDollar industriesTirupur exportersUnion finance minister nirmala sitaramanUnion textile minister smriti iraniTirupur knitwear strikeTamil nadu latest updatesTamil nadu latest newsTamil nadu chief ministerTamil nadu cmYarn price hike