once upon a time there was some thing called QUOTA which made a many Tirupur inhabitant millionaires overnight but the story is very much different now here at Tirupur. Appreciating rupee, Inflation, Real estate price appreciation, most important increasing labour cost, raising yarn price, raising fuel price, closing down of dyeing unit, competitors price war (mostly with China and Bangladesh). The price of raw material and labour keeps increasing but every buyer wants the price cheaper every year, how is it possible????. This a stage where the small and inefficient manufacturer will be wiped out of the market so in few year time you can see many badly managed and inefficient companies will roll out of the market.
12:33 AM | 0
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The hosiery yarn rate is on the raising side yet again. The Tirupur exporters are worried again after the appreciating Indian rupee crisis. In fact the order to Tirupur town has reduced considerably and to add fuel to this yarn rate is increased from the today. On going dyeing crisis, the capacity close down of many dyeing unit has bossed yet another problem to the exporter. The yarn rate is increased by 3 to 5.Rs across all counts.