Related Keywords: economic slowdown coupled with liquidity crisis, fluctuating fuel costs, FOSTTA, last six months, led to subdued demand, low demand for textile products, produced more than buyers demand, SGPA, Surat textile industry, witness rise in inventory
The Surat-based textile industry has been witnessing rise in inventories by 20-30 percent at textile units as the demand for textile products is more or less stagnant since last six months.
Due to economic slowdown coupled with liquidity crisis in the market has led to subdued demand for textile products from the city. Moreover, reduced demand has resulted in buyers keeping less stock with themselves leading to higher inventory for textile makers in Surat, according to industry sources.
