Related Keywords: by Chinese, dumping crores of meters of under invoiced, dumping of finished fabrics at throw away prices, facing tough time, godowns stacked up with grey fabrics, largest MMF sector, no takers in the market, production cost of finished fabric in the local market high, Surat, Surat weaves facing crisis, the powerloom machines shutting down
The country's largest man-made fabric (MMF) sector in the city surat is facing tough time with dumping of finished fabrics at throw-away prices by the Chinese. Textile entrepreneurs claimed that the dumping of the crores of meters of under invoiced finished fabric imported from China at the cheap rates of Rs 7 to Rs 8 per meter is the main reason behind the crisis.
The production cost of finished fabric in the local market begins from Rs 50 per meter and goes upto Rs 500 per meter depending on the quality.
