A sudden increase in festive orders has lifted up hope for the dull synthetic textile market in Surat. After more than 60 per cent decline in orders in September, the same have picked up again for the Surat synthetic textile industry.
"Earlier, factors like the diesel price hike, Telangana stir and dull retail demand had brought down the average orders from a health Rs 8 crore per day to Rs 2.8-3 crore per day. However, now things are getting better with orders per day now ranging in Rs 6-7 crore per day," said Yuvraj Desale, president of Surat Textile Goods Transport Association (STGTA).
Last month, orders for textile goods, comprising sarees, dress materials and synthetic fabric had declined severely from several parts of the country, especially southern India. "Most of the part of the year had seen economic slowdown resulting in dwindling business. However, in September textile orders from AP also showed some dip," said Devkishan Manghani, general secretary of Federation of Surat Textile Traders Association (FOSTTA).
Though, orders may be ranging to the tune of Rs 6-7 crore per day, things may not be rosy after the Diwali festive season, say industry players.
"Despite orders rising now on the onset of festive season, things may not be as rosy after Diwali. The slack in demand may again bring down the orders below normal," Desale added. As against a healthy orders worth Rs 7-8 crore per day from Andhra Pradesh for Surat-based synthetic textile goods, the same have come down to Rs 2.8-3 crore daily.
Apart from finished goods like sarees and dress materials, the Surat-based industry also dispatches synthetic fabrics to garment manufacturing regions across the industry.
