Surat, Jan 29 (IANS) Textile traders in Gujarat’s Surat are expecting a major boost to business following the announcement of an indefinite strike by Bangladesh’s textile mills beginning from February 1 this year. The strike has been called by the Bangladesh Textile Mills Association (BTMA) in protest against the duty-free import of low-cost yarn from India, which has severely affected Bangladesh’s domestic textile industry.According to industry sources, the influx of cheaper Indian yarn has mad…
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Ahmedabad, Jan 27 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union has triggered a wave of optimism among textile traders in Surat, one of India’s largest textile hubs. The agreement, finalised on Tuesday, is expected to significantly boost exports by providing Indian textile products with improved access to markets across 27 European countries. Industry representatives said the FTA would allow Surat-based traders to sell their products in Europe at mor…