Related Keywords: already borne losses, especially from UP and Bihar, flood and heavy rain, orders for sarees and dress materials, sixty percent orders cancelled, strike against implementation of GST, Textile industry of Surat, traders booked huge orders, upcoming festivals like Durga Puja and Diwali
The textile industry of Surat has already borne losses worth Rs 1,500 crore due to the strike against the implementation of Goods and Services Tax (GST) from July 1. Sources in the textile trading industry said that the traders had booked huge orders for the upcoming festivals like Durga Puja and Diwali especially from UP and Bihar, but due to flood and heavy rain in these states, around 60 percent of the orders in the last couple of days has been cancelled.
Assam, Uttar Pradesh and Bihar are the major consumers of synthetic sarees and dress materials manufactured in Surat city.
