| "The textile industry is suffering due to heavy rains. In terms of sales, the industry has suffered losses of Rs 150 to 200 crore in less than a week," said Devkishan Manghani, spokesman, The Federation of Surat Textile Traders Association. |
| "There are very few local business dealings and the only business that takes place, is from the other centres. In view of strong possibility of floods, buyers from the southern, northern and eastern parts of the country, have cancelled their trips to the city. As a result, the volume of sales has reduced drastically, resulting in huge losses," he added. |
| "On account of the cancellation of several trains, several buyers, who were willing to come to Surat despite the incessant rains, have been forced to cancel their visit. |
| "Many other buyers are likely to follow suit, and hence the sales will go down even further," Manghani said. |
| Industry sources said since many areas in Surat city and its outskirts were submerged under the waters, workers and the textile businessmen, were unable to make it to the work place. |
| As there is no business, the circulation of money has also come to a halt, they said. Experts expressed a fear that the industry's losses of Rs 150 to 200 crore. could increase by several times, if the rains continue to ravage the city for some more days. |
| Meanwhile, around 100 processing units in Pandesara area of Surat, were shut on Wednesday, on account of technical problems. |
| "Approximately 100 processing units in Pandesara were forced to remain closed yesterday. The water intake well in Katargam, through which water is supplied to the industries, developed some technical problems due to the heavy rainfall, leading to the shut down. The closure has resulted in loss to the tune of Rs 15 to 20 crore," said Ramesh Gajjar, president, The South Gujarat Textile Processors Association. |
| The error was, however, rectified late last night, and the processing units were functioning on Thursday, he added. |
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