Raja M Shanmugham, President said he has sent an SOS (Save our Soul) to Piyush Goyal, the Hon’ble Textile Minister to help for removal of cotton import duty so as to break the cartelization of vested interest people in hike in the domestic cotton prices to an abnormal level and also to see the ban on cotton exports. Raja M Shanmugham said that he has been supporting for the farmers getting better price for their cotton produce and the concern is that traders are now playing at the cost of survival of knitwear garment units.
Raja M Shanmugham also said that he has sent letters to Textile Mills Associations, SIMA, TASMA and ITF to advice their members not to increase the cotton yarn prices disproportionate to increase in cotton prices as that will totally affect the value added knitwear garment sector and help to have a win situation of both sectors.
