Tirupur knitwear industry calls for a strike on Mon over rising yarn prices

The knitwear industry went also on a strike in 2010 when yarn prices shot up suddenly

The Rs 50,000-crore knitwear industry in Tamil Nadu's Tiruppur is set to go on a one-day strike on Monday to protest the spike in yarn prices.

Commonly used combed cotton variants such as 30s and 40s—which indicate the thickness and fineness of the yarn—have seen their prices surge by 24 per cent from Rs 215 to Rs 268 a kilogram.

As many as 27 knitwear stakeholders' associations and eight trade unions held a meeting to discuss the impact of the sudden and unusual spike in yarn prices and also an irregular supply of yarn in the past three months.

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