Related Keywords: ancillary units for textile industry, cash transactions at retail level, demonetization by Center, financial crisis, Garments, GIDC, Gujarat, labour unrest, major hub for textile sector, shut down production, textile machinery units, two lakh registered MSME units, Vatva Industries Association
Gujarat a major hub for textile sector having about two lakh registered MSME units of which several form ancillary units for the textile industry such as for garments or even textile machinery units has been hit hard since the demonetization of Rs500 and Rs1000 notes announcement by the Centre, as most transactions especially at the retail level are done in cash.
