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Partial bandh in Tirupur, manufacturers observe hunger strike
Coimbatore, Nov 24: Members of different knitwear related associations today observed a one-day hunger strike here, to protest against the increasing cotton yarn prices, even as the hosiery town of Tirupur witnessed a partial bandh for the same reason.
Coimbatore, Nov 24: Members of different knitwear
related associations today observed a one-day hunger strike
here, to protest against the increasing cotton yarn prices,
even as the hosiery town of Tirupur witnessed a partial bandh
for the same reason.
About 100 members and office bearers of South India
Hosiery Manufacturers Association, led by its president and
former MLA Mohan Kandasamy, Tirupur Exporters' Association,
Knitwear Manufacturers Association and Tirupur Traders
Association began their hunger strike at 10.30 am.
Alleging that export of raw cotton to overseas markets had led to the sudden surge in the yarn prices, seriously affecting the industry that cater to the domestic and export markets, they sought immediate ban on the raw cotton exports.
About 65 per cent of shops and establishments in Tirupur, depending mainly on knitwear economy, were closed, responding to the bandh call given the industry.
Since the management themselves were observing hunger strike, all the hosiery factories, employing about 1.5 lakh workers, also remained closed there, police said.
Meanwhile, the spinning industry claimed that the increase in the yarn prices was temporary, due to delay in cotton arrivals in major belts, and prices would stabilise by December 15.
Moreover, hardly 0.5 per cent of the raw cotton was exported during the last five years and about three per cent was likely to be exported during the current year, when the cotton crop was estimated at around 165 bales, the industry said.
Bureau Report
Alleging that export of raw cotton to overseas markets had led to the sudden surge in the yarn prices, seriously affecting the industry that cater to the domestic and export markets, they sought immediate ban on the raw cotton exports.
About 65 per cent of shops and establishments in Tirupur, depending mainly on knitwear economy, were closed, responding to the bandh call given the industry.
Since the management themselves were observing hunger strike, all the hosiery factories, employing about 1.5 lakh workers, also remained closed there, police said.
Meanwhile, the spinning industry claimed that the increase in the yarn prices was temporary, due to delay in cotton arrivals in major belts, and prices would stabilise by December 15.
Moreover, hardly 0.5 per cent of the raw cotton was exported during the last five years and about three per cent was likely to be exported during the current year, when the cotton crop was estimated at around 165 bales, the industry said.
Bureau Report