Karur, May 4: The weaving units in the textile town of Karur and its surroundings would remained closed for three days from tomorrow to protest the steep increase in yarn prices over the past few months.
The sources in the Textile Industry said, price hike on spiralling yarn prices had affected the domestic weaving industry and also the export units. Most of the textile export units were finding it difficult to sustain their units, following a slew of crises the industry was facing. The issues included, rupee appreciation, yarn price fluctuation, labour shortage, inflation, rising cost of inputs and overheads.
Consequent to the dwindling orders, job cuts were on the rise.
Skilled and semi-skilled artisans, such as weavers, were left with fewer jobs to fight for, while cost of the finished product had gone up, according to a few leading textile owners.
The owners claimed that neither the unit owners nor the skilled workers benefitted. The sources also reveal that export of cotton, especially waste cotton, had crippled the Iindustry. Coarse cotton varieties, mostly used in the units here, have become dearer and, that too, has pushed up the cost of the finished material.
There was a time when even unskilled workers who come from far off places in the district could get two shifts of work that could help them get at least Rs 100. But they have to remain contend with work for just one shift for a maximum daily earning of Rs 70. That is a clear reflection and fall-out of the problems the Industry is facing, they added.
The Karur Textile Manufacturer Exporters' Association and the Karur Textile Forum have pointed out their problems and urged the Centre and the state governments to intervene and find a solution on the issue.