Surat yarn traders in trouble as 1,000 imported containers worth ₹250 crore stuck at Mumbai, Hazira Ports

Yarn Imports worth US $ 26 Million Stuck at Ports

A Gujarat High Court stay order has disrupted Surat’s textile sector, with nearly 1,000 containers of imported specialty yarn valued at about Rs. 250 crore (US $ 26.25 million) held up at Mumbai’s Nhava Sheva Port and Surat’s Hazira Port.  The issue arose after the Central Government issued a notification on 11th November allowing the […] The post Yarn Imports worth US $ 26 Million Stuck at Ports appeared first on Apparel Resources.

Surat yarn traders in trouble as 1,000 imported containers worth ₹250 crore stuck at Mumbai, Hazira Ports

SURAT : Surat’s textile industry is facing a major crisis after around 1,000 containers carrying imported specialty yarn worth an estimated ₹250 crore were halted at Mumbai’s Nhava Sheva Port and Surat’s Hazira Port following a Gujarat High Court stay order. The Customs Department has frozen the release of the consignments, leaving traders, importers and weavers facing significant financial losses. Industry representatives said around 500 contai…