Surat textile market faces diwali slump: Raw material costs rise 50%, looms to shut for a month, 75,000 wor

Surat textile industry crisis, loom closure impact, 75000 workers risk. With the prices of raw materials, including yarn, rising by 50% while finished fabric is not fetching higher prices, it has become impossible for loom operators to keep their units running. Amid the severe liquidity crisis in the market and the burden of bank loan instalments, the industry may be forced to take a long vacation of 15 to 30 days this year, putting the livelihoods of more