With effect from 10 August 2016
Soma Textiles & Industries announced that in the present Scenario of Textile Industry, it is not viable to continue Garment Unit at Company's Textile unit at Ahmedabad because of its continuing losses due to high operative cost followed by tough competition from small garment units in unorganised sector, market crisis and other adverse factors. The Management has thus decided to completely close down the Garment Unit with effect from 10 August 2016.Powered by Capital Market - Live News
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