Significant Increase in Cotton Yarn Prices Affects Karurs Textile Industry

The price of high-count yarn has increased from ₹300 to ₹400 per kilogram, marking a significant surge in costs. Industry sources from the textile sector indicate that the recent decision by the central government to remove the import duty on yarn has provided partial relief to manufacturers in Tiruppur, a major hub for textile production in India.

The removal of the import duty is aimed at enhancing the competitiveness of Indian textile products in the global market. It is expected to help local units mitigate some of the increased costs theyve faced due to fluctuations in raw material prices. As Tiruppur is a critical player in the knitwear segment, this policy change may influence production levels and pricing strategies moving forward.

Further, industry stakeholders will be assessing how these changes could impact both domestic sales and export opportunities, as the textile industry is a vital component of the Indian economy, contributing significantly to employment and revenue.