• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Our Bureau

COIMBATORE, March 26

KNITTED goods producers and industries allied to the hosiery industry in knitwear exporting town of Tirupur today observed a one-day `production stoppage' as a mark of protest against the Central Government's decision to extend the `Cenvat' duty to the knitted fabric and garments from April 1.

Almost 90 per cent of the knitwear units stopped their production responding to the one-day trade bandh called by the Federation of Hosiery Manufacturers Association (FOHMA), their Kolkota based national apex body. It is learnt that the FOHMA members in other key knitwear centres such as Kolkata, Kanpur and Ludhiana too have joined in the protest closure.

In today's dawn-to-dusk production stoppage agitation, owners of dyeing, bleaching and printing units too have joined bringing the entire commercial activity in Tirupur to a halt, Tirupur knitwear industry union sources said.

Units affiliated to the South India Hosiery Manufacturers Association, Tirupur Exporters Association, Knitwear Cloth Manufacturers Association, Tirupur Export Knitwear Manufacturers Association were said to have largely joined in the protest closure.

According to sources, an estimated 3,000 knitwear manufacturing and garmenting units in Tirupur, which include both the export manufacturers and the units involved in the manufacture for the domestic market, took part in the one-day hartal.

The workers employed in these units were given holiday for the day by the factory owners to facilitate the `stop-work' agitation.

The one-day industrial strike in Tirupur will cost a production loss of about Rs 10 crore.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Award for ISB team

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line