Home / Knowledge / News / Textiles / Trouble looms over Surat textile industry
Trouble looms over Surat textile industry
22
Jul '10
Dearth in buyers adversely affects the textile industry in Surat, Gujarat. In addition, inflation has cut down on consumer's purchasing power, which has further affected several industries.

Although, last year was a fairly good year for Surat traders, this year the business has weakened. And the primary reason behind the weak business is the increasing prices, which is refraining the customers from buying products, informed a textile trader.

But with the festival season around, manufacturers in this textile centre are hoping for business to pick up, atleast in the latter half of the year. Currently, almost 30 million metres of raw fabric and 25 million metres of processed fabrics are daily produced in Surat.

Hence, on a daily-basis, Surat produces 30 million worth of fabrics. There are 7 lakh looms and 150 multi-storey markets, which comprise of 50,000 producing merchants, called traders. On an average, the daily transaction is in the range of 1-1.1 billion and the yearly transaction is of around 300-350 billion, informed industry experts.

India and other Asian nations are the key markets for Surat's textile goods. About 90 percent of polyester utilised in India is produced in Surat. The Middle East too is a key market for Surat's textiles goods.

Fibre2Fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search