Related Keywords: eye on Nepal, FOSTTA, import duty structure textile trade, labour unrest, MMF sector, Surat textile industry, textile factories in Nepal
Surat textile, India's biggest man-made fabric (MMF) sector has set their eyes on Nepal as a large number of textile factories in Nepal have either closed down or are on the verge of closure due to labour unrest, high taxes, and unclear government policies etc.
The office-bearers of the Federation of Surat Textile Traders Association (FOSTTA) are planning to visit Nepal, their neighbouring SAARC country to explore opportunities to increase the textile trade.
