Business

Gujarat To The Rescue Of Tirupur Garment Units

In a significant development, the Gujarat Spinners Association has assured to supply yarn to garment units in Tirupur. The assurance was given during a virtual meet organised by AEPC with members of the association recently. According to a press release, Apparel Export Promotion Council (AEPC) organised the meeting to discuss availability of yarn for knitwear exporters. During the meet, Confederation of Indian Textile Industry (CITI) Chairman T Rajkumar said around 30-40% of total hosiery yarn produced in India was being consumed by units in Tirupur. Also, he invited spinning mills in Gujarat to tap the potential in Tirupur. AEPC chairman A. Sakthivel said Tirupur was a good market and invited Gujarat spinners to join hands with knitwear exporters for sustainable growth. President of Gujarat Spinners Association Saurin Parikh said for the last 20-25 days prices had reduced and many countries, except Bangladesh, stopped imports from India.