Flooding Causes Rs 100 Crore Daily Loss to Surat Textile Trade
By 2024-07-26 12:30:24
Flooding Costs the Surat Textile Trade Rs. 100 Crore Every Day
Surat's textile industry is facing severe financial setbacks due to ongoing flooding in areas around Kadodara Road since Monday, leading to a daily loss of over Rs 100 crore. The floods have disrupted operations in at least 20 textile markets and halted the activities of 200 transport firms. Businesses anticipate that it will take several days for the floodwaters to recede, allowing market operations to resume normally.
Thousands of daily wage workers have been affected, losing their income due to the shutdowns. In Saroli, water has inundated textile markets, and while some markets have avoided direct water damage, submerged connecting roads have impeded access. The full extent of the damage to goods and property stored in shops and warehouses will only be known once the water recedes. Kapil Arora, president of DMD Market, expressed concern over the recurring flooding issue, noting, "Every year we face flooding, but there is no solution to the problem."
The situation has left many traders stranded, with Vishal Bansal from RKLP Market noting that operations cannot return to normal until the roads are passable again. Kailash Hakim, president of the Federation of Surat Trade and Textile Associations (FOSTTA), highlighted the need for a permanent solution to the recurrent flooding, emphasizing the significant loss of business. Sunil Jain, chairman of the South Gujarat Textile Traders Association, pointed out the compounded issues due to power outages, leaving the markets largely inactive.
The flooding has also severely impacted the 250 textile goods transporters, with around 200 based in the affected Saroli and Kadodara Road areas. These transporters are facing a daily business loss of over Rs 15 lakh due to the inability to access markets and warehouses. Yuvraj Desle, president of the Surat Textile Goods Transport Association, confirmed that the majority of transport operations have been halted, severely impacting the supply chain.
