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Cotton bale, yarn price hike trouble Karur producers

Nov 22, 2021
Cotton bale, yarn price hike trouble Karur producers

Karur, Tamil Nadu

Rising prices of cotton bale have posed a huge threat to Karur textile manufacturing and export industries.

The industry is gearing up for the Annual International Textile Fair/Expo, which is set to take place in January in Germany as majority of the trade depends on foreign orders received during the expo.

The cities of Tiruppur and Karur are known for textiles in Tamil Nadu. While the former is famous for garments, the latter is famous across the globe for household textiles and decorative items such as curtains, cushions, pillow cases, bedspreads, blankets, sofa pillows and table cover. Around 90 per cent of the products manufactured here are exported to foreign countries.

The drastic hike in the prices of cotton bale, in this scenario, has raised concerns among industrialists. With the international expo set to take place this January where Karur industries receive the majority of their orders, the price hike has worried them.

Stiffen Babu, member, Karur Textile Manufacturing and Exporters Association, said that, the government must intervene and put a cap on the price, fix a price for cotton bales for at least three months and stop exporting cotton and ales until the inflation comes to normal. He added that, this time they expect to receive orders worth around Rs 1,000 crore but many are worried to take up foreign orders owing to cotton bale and yarn price.

 Image Source: Google Images

Source: The New Indian Express

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