Shanmugham had requested to consider TEA's plea for reduction of yarn prices as MSMEs are in large numbers and also ensuring supply of yarn in time as per the commitment given to the members of the association.
Knitwear exporters from Tirupur have asked buyers to increase prices against the backdrop of rising raw material costs.
Yarn price hike: According to industry sources, the production loss is estimated to be around Rs 165 crore due to the strike.
Smriti Irani highlights the ‘historic’ growth of the PPE sector during the pandemic
New Delhi: Union Minister of Textiles and Women & Child Development, Smriti Zubin Irani inaugurated the 2nd edition of Global Textiles Conclave 2021 (CITI GTC2021) organised by Confederation of Indian Textile Industry on Wednesday, 24th February 2021 through a Virtual Platform.
Moreover, assessing incremental turnover of companies, especially the unlisted ones, will be a herculean task, given the scope for manipulation between group firms, he added.