Surat’s textile industry has raised concerns over a sharp increase in yarn prices and delays in Goods and Services Tax (GST) refunds, urging the Centre to intervene as rising costs put pressure on manufacturers and allied segments. Industry representatives raised the issues during a
A sharp rise in yarn prices since February-March has put Bhiwandi’s powerloom and grey-fabric sector under growing financial pressure, with traders reporting a 50–70 per cent increase in prices of several commonly used yarn varieties. The surge in raw-material costs has not been matched by finished-fabric prices, squeezing margins for weaving and grey-fabric manufacturers














