Home / Knowledge / News / Textiles / Textile traders & weavers unsuccessful in breaking deadlock
Textile traders & weavers unsuccessful in breaking deadlock
09
Feb '11
Earlier on January 31, the weavers informed the textile traders regarding the new conditions for providing goods and the new payment norms, which came into effect from February 1 onwards.

A meeting was held on February 7 between the textile traders association and the weavers' association regarding the supply of grey cloth on new terms but it was unsuccessful.

The weavers decided to remain firm on their standpoint. The traders also denied accepting the delivery of grey cloth on the new terms and conditions.

As per the new terms and conditions demanded by the Federation of Gujarat Weavers Association (FOGWA), the textile traders are required to clear the net payment within seven days of receiving the materials as well as pay the delivery charges.

Previously, the textile traders used to get three months' time to clear the payments after the receipt of the grey cloth.

The Federation of Surat Textile Traders Association (FOSTTA) denied the new terms and conditions. Not even a single textile trader is ready to accept the delivery of grey cloth from weavers on new conditions.

Due to late payments and sometimes even non-payments by unreliable business operators, the weavers had started dispatching the grey cloth to various processing houses, directly.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search