Tamil Nadu Elections 2021 | Tiruppur Textile Industry Demands Stabilisation of Yarn Prices
When the coronavirus pandemic struck, the Tiruppur textile manufacturing hub faced losses to the tune of Rs 10,000 crores. By June 2020, the industry had moved towards the production of Personal Protective Equipment (PPE) and medical kits. Then, with the rise in demand for casual wear that Tiruppur specializes in, the industry began seeing a revival.
However, from mid-March, the textile industry started facing losses again, thanks to the increase in prices of yarn, the main raw material.
The Quint spoke to textile owners and shopkeepers in Tiruppur to understand how the increase in the prices of yarn has resulted in major losses. The textile owners have appealed to all the political parties to bring down GST for processing. They have also demanded more orders and an increase in wages.