The Garment Associations TEA, SIHMA, TEAMA and other stakeholders associations like KNITcMA, DAT and others participated in a meeting held on 05-05-2022 at TEA Board Room to discuss the action to be taken further to increase in Cotton yarn prices for all counts by Rs. 40 per KG on 2nd May 2022.
It has been unanimously decided to meet K. Subbarayan, Member of Parliament and other Political Leaders in this Region, explain the plight of Tirupur garment sector and job working units position and request to form a delegation to meet Hon’ble Prime Minister, Hon’ble Union Minister of Commerce and Textiles and Hon’ble Union Minister of Finance and request to address the following points:
- Temporary ban on cotton since no farmers are going to be affected because now cotton is left with the traders only
- Temporary ban on yarn exports or calibration formula to be invoked to ensure the required supply of yarn to the domestic industries
- Removing the cotton from the commodity list, this facilitates the derivative trade options endangering the entire value chain
- Need to declare cotton into Essential Commodities Act
