Crisis in Afghanistan traps Surat textile exporters Rs 4,000 crore
Surat: India's importers and exporters are facing difficulties due to political unrest in Afghanistan. In which, the concern of Surat traders has increased as the payment of Rs 2,000 crore of textile industries has been trapped. According to Champalal Bothhar, general secretary of the Federation of Surat Textile Traders Association, we used to send textile fabrics and textiles to Afghanistan via Dubai. When we saw that it was getting cheaper to export from Bangladesh, we started sending goods from Bangladesh to Afghanistan. However, exports have stalled due to the Taliban crisis. There is no information on when the outstanding payment will be received. Our traders are stuck with payments of Rs 5,000 crore. Afghanistan exports readymade garments and turbans such as silk fabrics, scarves, dresses and kaftans made in Indian textile mills. The Federation of India Export Organizations (FEO) has asked importers and exporters to wait for the outstanding payment. According to Fiona Dire...