Dull Diwali for Surat textile mills, orders dip 50% to Rs 8,000 crore - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Dull Diwali for Surat textile mills, orders dip 50% to Rs 8,000 crore

However, Confederation of All India Traders (CAIT) said that the retailers have huge inventory from last two years which they are clearing now and that is the possible reason for lower offtake from Surat's mills. But the demand is very strong this year, said Praveen Khandelwal, secretary general of CAIT.

from Industry-Economic Times
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