Tamil Nadu   

Hosiery manufacturers suggest panel

Tirupur: With the cotton yarn prices yet to come down significantly after witnessing some abnormal rises in the last few months, hosiery manufacturers in Tirupur knitwear cluster have come out with suggestions to arrest any further increase.

South India Hosiery Manufacturers Association (SIHMA) president A. C. Eswaran feels that a committee under the head of Union Textiles Minister should be constituted with Textiles Commissioner and representatives of various textiles associations as its members to periodically access the domestic requirements of raw cotton and cotton yarn.

“This will help the Government to come out with an idea on how much quantity of cotton and yarn exports needed to be regulated so as to ensure that domestic needs were protected,” he added.

The Centre , to control the rising yarn prices, removed the four per cent duty drawback as well as 7.67 per cent Duty Entitlement Passbook benefits extended to cotton yarn exports.

The Government also made the registration of cotton yarn exports mandatory to control its domestic prices.

Some of the textiles mills owners pointed out that yarn prices went up mainly because of the high production costs and hence, it could not be reduced hugely all of a sudden in spite of these fiscal measures.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Books distributed
Treat to the eyes
300 temple cars, 1,400 tanks to be renovated
Count on this exercise “thanks to technology''
Making a splash
Water level in dam rises by more than a foot in 24 hours
Mastering the art
Laudable gesture
Rs. 25-crore aid for minority communities
Fatally knocked down
“Declare dry days during Tamil meet”
All concentration
In rapt attention
Testing times
Two killed in accident
Hosiery manufacturers suggest panel
Season at long last
Gazing while grazing
What they say
Scientist killed in road accident
Health officials seize 250 kg of goat meat in Tirupur
Lorry driver robbed of cash
Child worker rescued
Kalaignar comes calling

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu