To overcome the challenge of high yarn price, Gujarat Spinners Association assured AEPC of supplying yarn to apparel manufacturers in Tirupur. Saurin Parikh, President, Gujarat Spinners Association, said in the last 20-25 days prices had reduced, many countries, excluding Bangladesh, stopped importing from India.
Currently, Tirupur is largest consumer of yarn in India with 40 per cent consumers. AEPC invited Gujarat spinners to tap the prospect in Tirupur and join hands with knitwear exporters of this apparel hub for joint sustainable growth. For last few days, there has been lot of hue and cry in Tirupur as mills and traders had increased yarn prices in April also, while it was decided in a meeting that there will be no hike in yarn price during the April month.