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ERODE OCT. 8. Bedsheets production has been hit by closure since yesterday of about ,000 powerlooms in the Chennaimalai area in Perundurai taluk, following a hike in yarn prices. Weavers numbering 5,000-8,000 have been rendered jobless.
Of more than 10,000 powerlooms engaged in production of export variety bed sheets and providing jobs to 5,000 weavers, the owners have closed 0 per cent of the units.
V. N. Saminathan, president, Chennimalai Powerloom Textile Producers Association, said yarn (10 number count), which was sold at Rs. 50 a bundle of five kg in 00, was now quoted at Rs. 60. The price rose `suddenly from Rs. 5 last month. Similarly, the price of the /17 variety increased ``steeply and was now selling at Rs. 55 and that of other coarse varieties also went up considerably.
So, Mr. Saminathan said, the owners could not invest huge money in yarn. If they purchased it at a big price, they would have to increase the price by Rs. 10 a piece of bedsheet. Already the Chennimalai powerloom bedsheets were facing stiff competition in the upcountry market. So many powerloom owners decided to stop production.Write my Essay on Later for me
The owners appealed to the Union and State Governments to reduce the yarn price.
ERODE OCT. 8. Bedsheets production has been hit by closure since yesterday of about ,000 powerlooms in the Chennaimalai area in Perundurai taluk, following a hike in yarn prices. Weavers numbering 5,000-8,000 have been rendered jobless.
Of more than 10,000 powerlooms engaged in production of export variety bed sheets and providing jobs to 5,000 weavers, the owners have closed 0 per cent of the units.
V. N. Saminathan, president, Chennimalai Powerloom Textile Producers Association, said yarn (10 number count), which was sold at Rs. 50 a bundle of five kg in 00, was now quoted at Rs. 60. The price rose `suddenly from Rs. 5 last month. Similarly, the price of the /17 variety increased ``steeply and was now selling at Rs. 55 and that of other coarse varieties also went up considerably.
So, Mr. Saminathan said, the owners could not invest huge money in yarn. If they purchased it at a big price, they would have to increase the price by Rs. 10 a piece of bedsheet. Already the Chennimalai powerloom bedsheets were facing stiff competition in the upcountry market. So many powerloom owners decided to stop production.
The owners appealed to the Union and State Governments to reduce the yarn price.
ERODE OCT. 8. Bedsheets production has been hit by closure since yesterday of about ,000 powerlooms in the Chennaimalai area in Perundurai taluk, following a hike in yarn prices. Weavers numbering 5,000-8,000 have been rendered jobless.
Of more than 10,000 powerlooms engaged in production of export variety bed sheets and providing jobs to 5,000 weavers, the owners have closed 0 per cent of the units.
V. N. Saminathan, president, Chennimalai Powerloom Textile Producers Association, said yarn (10 number count), which was sold at Rs. 50 a bundle of five kg in 00, was now quoted at Rs. 60. The price rose `suddenly from Rs. 5 last month. Similarly, the price of the /17 variety increased ``steeply and was now selling at Rs. 55 and that of other coarse varieties also went up considerably.
So, Mr. Saminathan said, the owners could not invest huge money in yarn. If they purchased it at a big price, they would have to increase the price by Rs. 10 a piece of bedsheet. Already the Chennimalai powerloom bedsheets were facing stiff competition in the upcountry market. So many powerloom owners decided to stop production.
The owners appealed to the Union and State Governments to reduce the yarn price.
ERODE OCT. 8. Bedsheets production has been hit by closure since yesterday of about ,000 powerlooms in the Chennaimalai area in Perundurai taluk, following a hike in yarn prices. Weavers numbering 5,000-8,000 have been rendered jobless.
Of more than 10,000 powerlooms engaged in production of export variety bed sheets and providing jobs to 5,000 weavers, the owners have closed 0 per cent of the units.
V. N. Saminathan, president, Chennimalai Powerloom Textile Producers Association, said yarn (10 number count), which was sold at Rs. 50 a bundle of five kg in 00, was now quoted at Rs. 60. The price rose `suddenly from Rs. 5 last month. Similarly, the price of the /17 variety increased ``steeply and was now selling at Rs. 55 and that of other coarse varieties also went up considerably.
So, Mr. Saminathan said, the owners could not invest huge money in yarn. If they purchased it at a big price, they would have to increase the price by Rs. 10 a piece of bedsheet. Already the Chennimalai powerloom bedsheets were facing stiff competition in the upcountry market. So many powerloom owners decided to stop production.
The owners appealed to the Union and State Governments to reduce the yarn price.
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