Bangladesh Unrest Hits Surat Textiles Hard, ₹1,500 Cr Loss Annually

• Ongoing unrest in Bangladesh is deeply impacting India's textile industry, particularly Surat.
• Surat's textile business faces an estimated annual loss of ₹1,500 crore due to the deteriorating situation in Bangladesh.
• Continuous instability in Bangladesh over the past year has led to stalled payments for trade.
• India's textile industry, considered the backbone of its economy, faces tough international competition from Bangladesh.

Why It Matters: Bangladesh's instability causes significant financial losses and stalled payments for Surat's textile industry.