By IFAB MEDIA - NEWS BUREAU - November 6, 2023 | 70 2 minutes read
Textile and grey fabric manufacturers in Tiruppur and Coimbatore districts commenced a 20-day work suspension on Sunday, citing elevated electricity tariffs and inadequate procurement from North India.
K Sakthivel, the coordinator of the Tamil Nadu Textile Entrepreneurs Association, highlighted ongoing challenges faced by the industry over the past two years. He emphasized that the unprocessed nature of their fabrics made them appealing to wholesale buyers from North and Western India. However, the recent revision in power tariffs in September resulted in increased production costs over the last few months.
Sakthivel expressed concern over the lack of significant procurement from North India, especially in the period leading up to Deepavali. He noted that buyers had opted to import fabrics from countries like Bangladesh and other South Asian nations. Additionally, there was no observable shift in Tamil Nadu's textile policies. Consequently, there has been an accumulation of stock in their units.
Despite the situation, the industry chose not to resort to a strike, as this could directly impact their ongoing business operations and workers. As an alternative, the decision was made to suspend operations for 20 days, lasting until November 25.