Coimbatore; Spinning mills are losing Rs. 30 lakh daily due to the power loom strike. Spinning mill owners have expressed their anguish and said that if a permanent solution is not found to this problem, they have no other option but to leave Coimbatore district. In this regard, the President of the Recycled Textile Federation (ITF), Jayapal said:
In Tamil Nadu, there are 650 OE spinning mills and 1,700 spinning mills. There are 5.5 lakh power looms. Textile production is taking place in 17 districts.
The power loom strike is a big problem, unlike any other job work company.
Spinning mills are affected due to the power loom strike, yarn is stockpiled. Before the strike, the price had come down to Rs. 15 per kg. Currently, textile manufacturers are asking for even less. Strangling electricity charges
Spinning mills that use high-voltage electricity have to pay an electricity tariff of Rs. 7,000 to Rs. 10,000 per day. Those using low-voltage have to pay Rs. 17,950 per month. Even if the mill is not running, they have to pay this. They have to pay commercial tax. For these reasons, the yarn has to be sold at the price they get.
In fact, this should not be seen as a wage issue, but as a contractual fee issue between the two companies.
Solution by tripartite committee
Textile manufacturers say that the problem is that the price charged for 50-year-old power looms is the same as that of new power looms. A tripartite committee should be formed to find a permanent solution to the problem, including the textile industry, spinning mills, and power looms. Strikes continue from time to time in Coimbatore district alone. This results in a fall in yarn prices, worker salaries, and bank loans, resulting in losses.
The government should find a permanent solution quickly. Until the strike ends, time should be given to pay electricity bills, exemption from fixed fees, business tax, and bank loans. The government should find a solution on a war footing. Thus, he said. ‘Spinning mills will leave’ Jayapal said, ”Already, many spinning mills have left our state. So far, yarn worth Rs. 50 crores has been accumulated. O.E. mills are losing Rs. 30 lakhs every day. If the situation continues like this, spinning mills will be forced to leave Coimbatore, the proud ‘Manchester of South India’,” he said.
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