Related Keywords: devise new way of doing business, fabric merchants and traders, furnish valid references, Hojiwala Estate, man-made fabric industry, powerloom weavers, rising number of defaults in textile market, Sachin GIDC, Sachin Weavers Welfare Association, to purchase unfinished fabrics
Powerloom weavers from Sachin GIDC and Hojiwala Estate have unanimously decided not to enter into any business deal with merchants who do not provide valid references of traders from respective markets in the city as there is rising number of defaults in the textile market.
This has forced at least 2000 powerloom weavers to devise a new way of doing business in the market. Now, fabric merchants and traders will have to furnish valid references of prominent traders from the market to purchase unfinished fabrics from the weavers.
