The AIADMK co-ordinator, O. Panneerselvam, on Monday expressed surprise over the trend of increase in the price of yarn despite the Centre waiving the custom duty on cotton import.
In a statement, he referred to the possibility of certain vested interests creating an artificial scarcity of cotton and pushing up the price of the commodity. He wanted the State government to ascertain the causes for the price hike. He called upon Chief Minister M.K. Stalin to hold discussion with the Centre and take steps for getting the price reduced.
Mr. Panneerselvam issued the statement in the light of a two-day strike called by sections of the textile industry in Erode, Tiruppur and Coimbatore districts, commencing on Monday.
