C Easwaran, President, South India Hosiery Manufacturers Association (SIHMA) has urged the Central Government to ban yarn and fabric exports and bring yarn under the Essential Commodities Act.
Earlier, the Tiruppur exporters forum called for a one-day strike in the garment industry against the hike in yarn prices and the non-availability of raw materials. The strike was supported by 30 industrial associations of Tiruppur and eight trade unions.
As per Raja M Shanmugham, President, Tiruppur Exporters Association, the strike highlighted the plight of the industry to the authorities.
The high yarn prices coupled with non-delivery of the raw material on time is affecting our garment industry and there is nothing exporters can do other than shutting down the companies, he said
Major international brands are outsourcing their work to the Tiruppur garment industry and the non-delivery of the finished materials in time will lead to loss of major orders, thus affecting the garment industry, he added.
The Tiruppur Garment Industry employs over 10,000 workers and allied staff, If the yarn prices are increased, the industry will be shut down and workers will lose their jobs, warned Shanmugham.