Letter: Political uncertainty and chaos in Afghanistan after the takeover of stunning countries with fast Taliban is the impact on the textile hub letter.
While losing a business in a torn country-conflict, exporters and brokers of textile products claim that payments around Rs 400 Crore have been stuck due to riots.
They are afraid of payment will not be accepted immediately given the scale of indifference there.
Punjabi and Dupattas clothes are made in a letter in high demand in Afghanistan and Pakistan.
Until three years ago, entrepreneurs from Afghanistan often visited the city that often bought clothes for women.
They are used to choose products personally and make payments through their business partners in Delhi.
It is estimated that the clothes worth at least RS 100 Crore are sent to Afghanistan through Pakistan or Dubai every month.
Raju Bhatia, a broker who works for many exporters, told TOI: “In the textile market, a credit period of up to three months and in goods supplied to Afghanistan through Pakistan or Dubai, payment is received in three to four months.
However, payment is around RS 400 Crore from many exporters stuck due to riots.
Exports through Pakistan or Dubai are also affected due to interference.
“Punjabi and Dupatta coat produced in the city is in great demand in Pakistan and Afghanistan because of its quality and varieties.
Importers want these products but because of the irregular supply chain, no one wants to take risks in the current situation to export, “said Gurpal Singh, garment manufacturer and exporter.” More than RS 100 Crore textile products that are worth exporting every month Afghanistan through various routes.
But it has stopped in the current scenario, “said Singh.
Ravi Jain, a garment manufacturer, added,” Many exporters have suffered a big loss and no one knows when the situation will improve.
I have stopped doing business with Afghanistan in recent months because the situation began to release control.
I have not received payment for the last few orders and I’m not sure when I will get it.
“Narendra Saboo, President of the Mercantile Association (SMA), said that” the situation was unpredictable and the impact on the city’s textile business to Afghanistan could be bad.
We can only hope for a quick increase in situations so that they get a business, “said (some names have been changed on request)
A letter of textile exporter afraid of losing RS 400CR pending contributions
