Textile traders claim Rs 2,000 cr loss in 75 days

Surat: The ongoing farmers’ agitation over the three new farm laws in northern India has resulted in Rs 2,000 crore loss to the Surat’s textile trade, claimed industry players in the country’s largest man-made fabric (MMF) hub.

According to the market sources, Punjab, Uttar Pradesh and Haryana are the biggest consumers of dress material, dupatta and kurtis manufactured in Surat but the supply worth Rs 10 crore per day has been hit.

Moreover, the festive and marriage season sales during December and January including the Lohri , Makar Sankranti etc, which gives over Rs 500 crore business to Surat traders, was severely hit due to the agitation.

Narendra Saboo, president of Surat Mercantile Association (SMA) told TOI, “Traders supplying saris, dress material, dupatta and kurtis in the northern states are at the receiving end. We only hope that the agitation ends early.”

Saboo said the textile mandis in Muzaffarnagar, Gaziabad, Sarangpur, Mainpuri, Narnol, Bhiwan and Ludhiana purchase polyester fabrics from Delhi. Due to the agitation, the Delhi traders have stopped purchasing fresh goods from Surat.

Lalit Sharma, president of Japan Textile Market on Ring Road told TOI, “There are over 500 villages around Delhi and Noida from where the small traders purchase saris, dress material, dupatta and kurtis and sell it locally in their villages. Due to the farmers’ agitation, the small traders are not visiting Delhi or Noida.”

A textile trader supplying dress material to Punjab and Haryana, Rajnish Lilha, told TOI, “In the last two months, I have hardly sold goods worth Rs 30,000. Traders in Punjab and Haryana are not placing orders as they are unsure when the farmers’ agitation would end.”

Source: The Times Of India, India
Wednesday, 03 February 2021

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