Related Keywords: estimate average business per day is Rs hundred crore, gone down significantly due to demonetization, no sale on the retail front, sale of saris and dress materials, suffering loss up to thirty percent, Surat textile markets spread around Ring Road, Surat textile trade, this marriage season
Surat textile trade suffering loss up to 30 percent this marriage season as sale of saris and dress materials has gone down significantly due to demonetization. Surat with 165 textile markets, mostly spread around Ring Road, has 65,000 shops and according to an estimate average business per day is Rs 100 crore.
Manoj Agarwal, president of Federation of Surat Textile Traders Association (FOSTTA) said that there is no sale on the retail front. Garments like dress material and saris are last on the priority list. Those who have marriages in their families also spend minimum on saris.
