he cotton yarn price drop has been welcomed by Tamil Nadu’s textile industry and the Tiruppur Exporters’ Association expects a revival of international orders if the downward trend continues. 

TIRUPUR: Textile industry players here are breathing a sigh of relief with the price of cotton yarn coming down by 40 per kilogram.

New Delhi: Union Minister Piyush Goyal on Saturday said India wants to capture the world market in all sectors and the country would "very soon" become a USD 30 trillion economy from the level of USD 3 trillion at present.

The Reserve Bank of India (RBI) increasing the repo rate will have a direct impact on the sustenance of MSMEs in the garment sector, exporters from the knitwear hub of Tiruppur said on Wednesday, demanding further infusion of liquidity under the Emergency Credit Line Guarantee Scheme (ECLGS).

Tiruppur, June 8 (KNN) The Tiruppur Exporters’ Association (TEA) has requested the central government to announce Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 for garment sector which has been hit by a number of factors such as increased cotton yarn prices, geo political tensions, interest rate hike etc.

Located nearly 500 kilometres to the southwest of Chennai, Tiruppur is India’s largest knitwear hub. The cluster pretty much came up on its own in what was once an agricultural town.