A weaver in India. Shutterstock
More than 800,000 workers from apparel manufacturers in Tiruper, a hub for knitwear manufacturing in Tamil Nadu state, went on strike this week to protest a recent spike in yarn prices, according to a report in The Times of India.
According to industry sources, the cost of production lost to the strike is estimated to be around 165 crore rupees ($22.74 million).
As many as 27 knitwear stakeholders’ associations and eight trade unions have called for the strike, which will involve about 9,000 worker units that cater to both the domestic and export markets.
They said the price of yarn, which is currently over 300 rupees ($4.15) per kilogram, has increased almost 25 percent since December, and called on the government to step in a regulate prices.