Related Keywords: current production down, Knitting industry, power looms continue to shut shops, reeling under GST impact, spinning units are finding takers, Surat based textile industry, synthetic textile hub, weaving sector down by fifty percent
The Surat-based textile industry is still reeling under the goods and services tax (GST) impact. The current production is down to 2.5mn meter against 40 mn metres per day in the Rs 500 bn synthetic textile hub of Surat. Similarly in the weaving sector, against a Rs 600-million daily turnover in the pre-GST era, the same is still down by 50 percent.
