Economy

High Court order on dyeing units may have financial impact

Our Bureau Chennai | Updated on January 29, 2011 Published on January 29, 2011

The Madras High Court's order shutting down the bleaching and dyeing units and effluent treatment plants in Tirupur will affect several lakh jobs, according to industry representatives.

PIL on pollution

The order on Friday follows a public interest litigation seeking to mitigate pollution of the Noyyal river into which the units discharge the effluents.

Impact ‘significant'

The President of Tirupur Exporters Association, Mr A.. Sakthivel, while declining to comment on the order, said that the impact would be significant on the industry.

Without the dyeing units downstream activity would be impaired and over four lakh livelihoods would be affected, not to speak of the Rs 12,000-crore annual imports and Rs 3,000 crore of domestic business.

Financial implications would also be huge in terms of investments and bank funds that have gone into the industry, he said.

Published on January 29, 2011
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