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Surat's textile biz continues to face sluggish demand | Surat News


The industry hoped for a revival as businesses were picking up, but the second wave of the pandemic dashed all hopes. Order books have tanked and traders are opening their shops only to follow up with clients to clear previous payments.
SURAT: While the second wave disrupted the economy of Surat, but the diamond sector has witnessed a turnaround with exports reaching pre-Covid levels. On the other hand, the textile sector is still reeling under sluggish demand.
The industry hoped for a revival as businesses were picking up, but the second wave of the pandemic dashed all hopes. Order books have tanked and traders are opening their shops only to follow up with clients to clear previous payments. The state government has eased the restrictions but as the other parts of the country are still reeling under the after-effects of the second wave, revival still seems far away. ....

Ushab Bagrecha , Bhavesh Chauhan , Ashok Jirawala , Champalal Bothra , Federation Of Gujarat Weavers Welfare Association , Federation Of Surat Textile Traders Association , Surat Textile Traders Association , Millenium Textile , New Bombay Market , Gujarat Weavers Welfare , பவேஷ் ச U கான் , அசோக் ஜிராவாலா , சம்பலால் போத்ரா , கூட்டமைப்பு ஆஃப் குஜராத் நெசவாளர்கள் நலன்புரி சங்கம் , கூட்டமைப்பு ஆஃப் சூரத் ஜவுளி வர்த்தகர்கள் சங்கம் , சூரத் ஜவுளி வர்த்தகர்கள் சங்கம் ,

Traders' body turns arbiter to clear textile payment backlog | Surat News


FOSTTA has been taking up traders’ complaints of long-pending payments
Surat: The textile industry in Surat is struggling to get back on its feet after the back-to-back onslaughts of the pandemic waves. As the industry is going through a slack period, the order books have still not revived and traders are finding it hard to recover payments pending for over several months.
To deal with the payments crisis and keep the businesses afloat, the traders’ body has taken up a new initiative. The welfare committee of the Federation of Surat Textile Traders Association (FOSTTA), since the second wave, has been taking up traders’ complaints of long-pending payments and helping them to get their money back. Not only traders from the city, but those from outside who have not been able to get money from their clients in Surat have benefited from FOSTTA’s drive. ....

Ushab Bagrecha , Manoj Agarwal , Ashok Nahata , Federation Of Surat Textile Traders Association , Surat Textile Traders Association , Arihant Textile , Millenium Textile , மனோஜ் அகர்வால் , கூட்டமைப்பு ஆஃப் சூரத் ஜவுளி வர்த்தகர்கள் சங்கம் , சூரத் ஜவுளி வர்த்தகர்கள் சங்கம் , அரிஹந்த் ஜவுளி ,