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FOSTTA urges Gujarat CM to set up garments hub in Surat
10 Jan '18
1 min read
The Federation of Surat Textile Traders' Association (FOSTTA) has urged Gujarat chief minister (CM) Vijay Rupani to set up of a garments hub in the city under the state government’s garment policy announced on October 16 last year to recover the appeal of the man-made fabric (MMF) hub, apparently lost due to severe impact of the goods and services tax (GST).
In a letter to the chief minister, FOSTTA raised concerns over GST leading to the fall in MMF production by at least 40 per cent, and job loss in textile markets, power loom weaving units and processing units, according to a report in a leading Indian daily.
Factories at the garments hub will consume the raw fabrics manufactured by the weavers. The raw material procured will be relatively cheaper, which will offer an edge to the manufacturers in attracting wholesalers from across the country and abroad, FOSTTA said. (DS)
In a letter to the chief minister, FOSTTA raised concerns over GST leading to the fall in MMF production by at least 40 per cent, and job loss in textile markets, power loom weaving units and processing units, according to a report in a leading Indian daily.
Factories at the garments hub will consume the raw fabrics manufactured by the weavers. The raw material procured will be relatively cheaper, which will offer an edge to the manufacturers in attracting wholesalers from across the country and abroad, FOSTTA said. (DS)
Fibre2Fashion News Desk – India
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