GST has hurt textile industry in election bound Gujarat: Traders

Thousands of textile traders in the bustling markets of Surat are disgruntled as the Goods and Services Tax has reduced their profit margins An unusual hush has fallen over the bustling textile markets of Surat. Previously, travellers would find it impossible to negotiate the maze of streets crowded with mini trucks and labourers with bundles heaped on their heads. Now, the textile hub in the heart of Gujarat’s richest city is lackluster even as markets slowly open after a Diwali break. “We used to produce four crore metres of synthetic…

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