Chennai: Dayanidhi Maran, union textile minister expressed his concern about the rising prices for yarn and said that protective measures will be taken by the government for protecting the interest of garment and handloom manufacturers.
Yarn prices have been really high and are affecting the garment and handloom manufacturers. Steps will be taken to ensure that the prices of yarn are available at reasonable levels, said Mr. Maran, but it was not elaborated what the measures are likely to be taken. Announcement is expecting within a week. Prices for yarn have been raised over by approx 30% in previous 3 months time.
While having a word with the media professionals in Chennai on 3rd March 2010, at sidelines of exhibition cum conference on traditional industries, initiated by Ficci, in co-operation with council for Handloom Export Production and Leather exports, the minister expressed that while handlooms were not being promoted by China in a bigger way, industry would prove to be huge strength for the nation, as it provided craftsmen for creating unique designs to be sold around the world. More business prospects can be expecting by better marketing said Maran.
Expressing that handloom sector of Tamil Nadu was one of the best promoted ones; Mr. Maran introduced the establishment of Chennai Haat, just the way of ‘Dilli Haat’ of Delhi. This step would be forwarded for eliminating middlemen and for providing ground to craftsmen from all around the state.
Tags: Indian textile news, latest textile news, latest updates textile, manufacturer & export of house furnishing textile, textile exporter and manufacturer, textile industry india, textile news, textile sector, textile updates