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Related Keywords: anti dumping duty on majority of fibres, Chinese polyester clothing making inroads into India, dwindling demand, exodus of migrant textile workers, going through tough phase, MGNREGA scheme, powerloom weaving unit closure, rising prices of yarn, Textile sector of Surat, textile workers demanding wage hike, Weak domestic demand for MMF

Surat’s textile sector is going through a tough phase due to dwindling demand and rising prices of yarn. The sector that accounts for 40% of the MMF fabric demand in the country and the city's over 6.5 lakh powerloom machines manufacture around 3 crore metre of fabrics worth Rs 45 crore per day. The 450 textile processing units in the city manufacture finished fabrics, including saris and dress materials.

Related Keywords: capitalize dwindling oil, dwindling demand, end consumers, FOSTTA, make cost effective, polyester yarn prices, reduce charges, Surat textile traders, surti fabrics, textile markets, textile processors, transporters

The textile traders of Surat's wholesale market to make Surti fabrics more cost-effective for the end consumers across the country have urged the transporters and textile processors to reduce their charges In order to capitalize on dwindling oil and polyester yarn prices.

They have been facing a tough time for the past few month with the supply of fabrics in value terms decreasing by almost 30 percent due to dwindling demand from the key markets such as Delhi, Mumbai, Kolkata, Punjab, Chandigarh, Chennai etc.