Economy

Tiruppur garment makers urge minimum floor price for yarn

The Hindu45m
THE BRIEF
1

The Joint Committee of Tiruppur Knitwear and Textile Cluster urged the Union government to establish a minimum floor price for cotton yarn.

2

Industry participants stated that garment manufacturers have been adversely impacted by frequent and steep increases in yarn prices.

3

The committee also called for the removal of import duty on cotton for five years and priority cotton allocation from the Cotton Corporation of India.