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    News & Update

    Budget 2023 | Surat textile traders seek government incentives for manufacturing readymade garments



    Admin
    Feb 01, 2023

    '

    Surat is home to India’s largest synthetic fabric market. It houses over 75,000 textile traders who produce over 4.5 crore metres of cloth every day, across around 400 processing units and 8.5 lakh power looms. These are then sold in 200 wholesale markets, which house over 70,000 shops, and employ 15 lakh workers. But this textile hub is facing an unprecedented crisis: over the past few months, sales have hit a record low. Already, nearly 70 processing and dyeing units have had to shut shop.

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.    '   

     

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