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

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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


March 2020

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


Advanced Search