Regulate yarn prices, governments told
The Hindu
‘Raw material must not be exported until needs of domestic market is met’
The Tamil Nadu Fabrics Manufacturers’ Association has requested governments to take measures to regulate yarn prices and export of yarn until domestic needs are met.
The association said that prices of yarn have increased by 30-45% and fabric manufacturers are suffering from order cancellation and low margins due to the hike. A. Alagarasan, president Tamil Nadu Fabrics Manufacturers’ Association, demanded that the State and Central governments should take measures to regulate export of yarn as its shortage has led to hike in production costs.
The manufacturers lamented that they are unable to compete with countries like China, Bangladesh and Vietnam in terms of price and are facing challenges in export. The association said that they are unable to get new orders.
Leaders and legislators hailing from Ballari, which is part of the Kalyana Karnataka region, seem to be a source of much political upheaval in Karnataka, going by recent history. This has been the case since the time illegal mining hit national and international headlines in the 2000s and the place gained reputation as “Republic of Ballari”.
The former BJP MLA of Udupi K. Raghupathi Bhat claimed on Saturday that he contesting the Legislative Council elections from South West Graduates’ Constituency as rebel candidate made the saffron party field its party leader C. T. Ravi in the biennial elections to the Legislative Council from the Legislative Assembly.