Summary:
Cotton prices have gone up, at least by Rs 17-18 per kg, and the industrialists said cotton prices remained on the upswing, which is abnormal. We are not sure whether knitwear companies would take up the call (to increase prices) simply after the association’s suggestion. Tirupur: The Tirupur Exporters’ Association (TEA) has asked knitwear industrialists to increase prices by at least 10% for their export of garments to cope with the inflation in the industry. "The inflation in processing services has put knitwear companies in a very tricky situation. On seeing the price hikes, many other related job-working units have increased their prices..