Tirupur manufacturers has been supplier inner wear and knitted garments to various parts of India on a regular basis, The association of the hosiery manufacturer have decided to increase the price by 7% with respect to all products that they manufacture. This decision was taken after taking the increasing yarn price in to the account. In last three months there was an increase of about 12.Rs/ kG.
The yarn manufacturers have increased the price due to the increasing power cut which is causing a huge loss of production. If government leave these issues unattended this industry shall loose it's competitive advantage. It's important that government make the cotton available through cotton corporation of India and provide adequate uninterrupted power supply to spinning mills.