Title: Tirupur Knitting Industry Faces Threat as Bihar Offers Incentives to Workers
The knitting industry in Tirupur, Tamil Nadu is facing a crisis as workers and business owners are being lured to the state of Bihar by the government’s lucrative incentives. The President of the Teema Association, M.P. Muthurathanam, warned that the exodus of workers and businesses to Bihar could spell trouble for Tirupur’s economy.
According to Muthurathanam, the Bihar state government has announced various concessions aimed at expanding the knitting industry. These include subsidies for skilled workers, free stamp paper facilities for starting businesses, tax concessions for industrial buildings, and discounted electricity rates.
The news has left many in Tirupur worried about the future of the industry. Business owners are complaining about insufficient orders and a lack of business opportunities. They fear that the Bihar government’s incentives will lead to a mass migration of skilled workers and businesses, ultimately crippling the knitting industry in Tirupur.
Muthurathanam emphasized the need for the Tamil Nadu government to step in and provide similar concessions to prevent the industry from collapsing. He called for the state government to withdraw paralyzing measures such as high electricity tariffs and peak hour charges. He also urged the government to encourage cotton farming in Tamil Nadu to support the local industry.
The President of the Tirupur Exporters and Manufacturers Association urged the Tamil Nadu government to take immediate action to protect the knitting industry. He stressed the importance of developing special programs and providing incentives to keep the industry thriving and prevent workers and businesses from leaving the state.
The situation in Tirupur serves as a wake-up call for the Tamil Nadu government to address the concerns of the knitting industry and take necessary steps to ensure its sustainability and growth.