Business Economy 10 Jul 2017 Erode traders protes ...

Erode traders protest GST on textiles; strike on for 5th day  

PTI
Published Jul 10, 2017, 5:23 pm IST
Updated Jul 10, 2017, 5:29 pm IST
Traders claimed they had incurred a loss of Rs 150 crore due to stir and that there were huge stocks of unsold textiles.
Textile industry in Erode has entered the fifth day of its protest against GST. (Representational Image)
 Textile industry in Erode has entered the fifth day of its protest against GST. (Representational Image)

Erode: Around 5,000 textile producing units and retail shops and more than 20,000 power looms in the district remained closed for the fifth consecutive day, demanding abolition of GST on textile goods.

The protestors, under the aegis of Erode Cloth Merchants Association, formed a Human chain in a main street here where hundreds of textile shops are located.

 

Meanwhile some office bearers of the Association left for Chennai to represent their plea to the Chief Minister.

The traders claimed they had incurred a loss of Rs 150 crore due to the stir and that there were huge stocks of unsold textiles in their shops, godowns and factories.

However all 150 Textile shops inside the Mohammed Abdul Gani Market here functioned as usual.

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