Surat: Surat may be the country’s largest man-made fabric (MMF) hub with the daily production of 3.5 crore meters, contributing to 40% of the country’s man-made fabric demand. But it is fast losing business to China. This was mainly due to higher polyester yarn price in India. This was revealed in a study carried out by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) on the competitiveness of Surat’s MMF trade versus China. The study found that the average price of polyester filament yarn (PFY), a key raw material for the powerloom weavers in Surat, is 40% costlier compared to China.