Manufacturers from the country's largest man-made fabric (MMF) hub in Surat have stopped exports to Pakistan in the aftermath of terror attacks in Pulwama district a few days ago. Over 40 CRPF personnel were martyred in the attack by the terrorist of the Pakistan-based organization.
Before 2014, the MMF exports from Surat to Pakistan stood at Rs 2,400 crore. The export of MMF fabrics from Surat to Pakistan was predicted to touch Rs 3,000 crore by 2018. However, latest figures of Synthetic and Rayon Textile Export Promotion Council (SRTEPC) suggest that exports between Surat and Pakistan have fallen sharply in the last couple of years and that they were less than Rs1,000 crore per annum now.
SRTEPC data says exports of MMF fabrics in 2016-17 stood at Rs 887 crore and Rs 958 crore in 2017-18. Exports of MMF fabrics in 2018-19 (till December 2018) have witnessed a sharp fall at Rs 624 crore against Rs 720 crore during the same period in the previous year.
