The Rise In Cotton Prices Has Led To A Crisis In India'S Clothing Industry.
The production of textile clusters of Tirup, Bohle de M, SomanurAvinashi and Erode will be affected.
cotton
They will suspend production for two days, asking the government to stop speculation in cotton trading.
The recently established Federation of textile associations and trade organizations held an emergency meeting on Monday to decide Tirup and the four nearby.
Textile cluster
They stopped production in September 24th and 25th to protest that cotton prices continued to rise.
Cotton prices are rising.
Garment industry
In a crisis, after the government failed to stop the rise in cotton prices, the decision was made by a federation proposed by the Rupp exporters and Manufacturers Association (TEAMA).
The emergency meeting agreed that the abnormal rise in cotton prices has weakened the competitiveness of India clothing in a highly price driven export market.
M.P.Muthurathinam, President of TEAMA, said Tirup, Bohle de M, SomanurAvinashi and Erode's textile cluster will be shut down for 48 hours.
Textile enterprises and workshops will be closed.
The Federation hopes that the coalition government will end speculation in cotton trade. They ask the government to impose a 25% export tax and do not need to restrict exports so that cotton prices can be reduced.
The price of the most fragrant card -6 cotton has risen by about 9000 rupees /candy in the past 20 days.
These associations and trade unions also require the India Cotton Corp to purchase and distribute cotton to meet domestic garment production needs.
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