What is going on in the textile trade sector?The actual trade from Surat, for all sorts of textile goods, is estimated to run into thousands of crores of rupees. Thanks to Coronavirus, the entire textile trade seems to be lacking momentum.,
Customers are reluctant to buy anything new. In the smaller towns, the entire trade used to happen through the EMI mode. For example, servant maids would give the first installment of Rs100 for a saree worth Rs.800/-.
Today. the servants are jobless. They are not being paid because they are not going to the houses of employers for doing any work. So, the textile business has been badly affected. What is going on in your cities?