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Textile Ministry to resolve crisis over yarn prices


Tiruppur Exporter’s Association ‘s(TEA) sincere efforts have resulted in the Ministry of Textiles examining and working to resolve the crisis emerging from the frequent increase in yarn prices and disruptions in regular supply of yarn, says, Raja M Shanmugham, President, TEA. As per him international cotton prices are declining and domestic prices have also gradually reduced; normal price range is expected to in near future.

He believes exporters will have a better run in the new fiscal with strong business confidence. Tirupur Exporters’ Association popularly known as TEA was set up in 1990 in Tirupur under the leadership of A. Sakthivel and strived for the development of exports. TEA has always been quick in taking up issues and stand in forefront to get them addressed. A. Sakthivel was the president of association till September 27, 2016.