Afghanistan's unrest has impacted the textile business in Surat, India.

Afghanistan's unrest has impacted the textile business in Surat, India.

26th August 2021, Mumbai:

According to reports, the Afghan turmoil has harmed Surat's textile sector, since payments to over 100 traders have been delayed. It's worth mentioning that textile items worth Rs 1,000-1,200 crore (the US $ 145-155 million) were being exported yearly from the Indian state of Gujarat's textile powerhouse Surat to nations like Iran and Afghanistan.

Around 150 textile dealers from different marketplaces on Surat's Ring Road have been exporting textile items to Afghanistan every year.

According to reports, the Afghan turmoil has harmed Surat's textile sector, since payments to over 100 traders have been delayed. It's worth mentioning that textile items worth Rs 1,000-1,200 crore (the US $ 145-155 million) were being exported yearly from the Indian state of Gujarat's textile powerhouse Surat to nations like Iran and Afghanistan. Around 150 textile dealers from different marketplaces on Surat's Ring Road have been exporting textile items to Afghanistan every year.

  

Textile dealers in Surat have been directly touched by the upheaval, and they risk losing money worth more than $100 million as a result. The city's textile sector has lately taken a hit as a result of the GST and the coronavirus shutdown. Consumer spending during the Onam and Akha Teej holidays did not turn out to be as successful as predicted, adding to the problems.

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