Latest News for: Surat trade

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Brother of ex-AIMIM neta arrested in cheating case

The Times of India 21 Feb 2021
While Irfan was arrested from Jari Mari area in Kurla, the cops are looking for his brother Imran, who is accused of allegedly opening a fictitious garment trading company and duping a Surat based businessman to the tune of Rs 1.2 crore last year ... Surat businessman of 1 crore’.
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Gujarat local body polls: Voters weigh their options in Surat

Indian Express 21 Feb 2021
The Surat Municipal Corporation, where the Patidar quota agitation of 2015 saw a major swing in votes in favour of the Congress, had the voters weighing their options on Sunday ... Satyendra Upadhyay (45), a resident of Vadod area in Surat city, works as a packer in the textile trading firm and hails from Gorakhpur in Uttar Pradesh.
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Retired sub-inspector and son duped of Rs 59 lakh

The Times of India 19 Feb 2021
Ahmedabad ... In his FIR with Gujarat University police, Bhaveshpuri Bawa, a resident of Royal Residency, stated that he and his father Mahendrapuri met accused Darshan Vyas, a resident of Memnagar, and Vishal Gandhi, a resident of Adajan in Surat, in 2017. "They told us that they had a pharmaceutical manufacturing and trading firm ... Download ... City. .
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Dubai Virus Surge Creates Snag for Rough Tenders

Diamonds Net 17 Feb 2021
Rough trading through the Dubai Diamond Exchange (DDE) totaled AED 91.8 billion ($24.99 billion) in 2020, with 19 rough and polished tenders taking place on the premises, the bourse reported this week ... Surat flights ... “Dubai tendering relies on Surat travel ... The trading group sold ...
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After Covid-19, first synthetic diamond will be promoted

Beijing News 05 Feb 2021
Surat (Gujarat) [India], February 5 (ANI/PNN) ... This will greatly benefit the synthetic diamond manufacturers in Surat ... But due to trade wars between the US and China, jewellery manufacturers are relocating from Mumbai to Surat, which is directly benefiting the gem and jewellery industry of Surat.
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‘Surat MMF sector losing out to China’

The Times of India 04 Feb 2021
Surat. Surat may be the country’s largest man-made fabric (MMF) hub with the daily production of 3.5 crore meters, contributing to 40% of the country’s man-made fabric demand ... This was revealed in a study carried out by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) on the competitiveness of Surat’s MMF trade versus China.
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Online frauds dent textile market image

The Times of India 04 Feb 2021
Surat ... Feeling cheated, she lodged a complaint with Surat police on email requesting cops to start an inquiry ... Cops are gathering details of multiple online trade channels including the shopping website ... There is a need to regularise the online trade because such practice by frauds is tarnishing the image of Surat,” said Narendra Saboo, president SMA.
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Textile traders claim Rs 2,000 cr loss in 75 days

The Times of India 03 Feb 2021
Surat. The ongoing farmers’ agitation over the three new farm laws in northern India has resulted in Rs 2,000 crore loss to the Surat’s textile trade, claimed industry players in the country’s largest man-made fabric (MMF) hub ... Due to the agitation, the Delhi traders have stopped purchasing fresh goods from Surat.
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Two jobless men arrested for robbery

The Times of India 01 Feb 2021
Surat. Two jobless persons were arrested for Saturday’s robbery at Supreme Oil Trading in Rampura and police recovered nearly Rs 16 lakh from the duo ... Diwan lives near the oil trading firm and was aware that the employees used to regularly go out with cash to make payments ... Download. The Times of Indiafor Latest News ... City. .
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Surat Diamond Bourse to start operations from September

The Times of India 29 Jan 2021
From the world’s largest diamond cutting and polishing centre, Surat is set to become the largest diamond trading hub ... The diamantaires from Surat, Mumbai and Antwerp have their offices in the SDB for trading the polished and rough diamonds ... From the manufacturing hub, Surat will ...
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Diamond bourse blurs Surat, Mumbai distance further

The Times of India 28 Jan 2021
Surat ... Surat has been world’s diamond polishing hub, but 90% of the gems are sent to Gujarati merchants in Mumbai for exports ... Around 90% of diamonds made in Surat are traded in Mumbai and exported to various countries. Once SDB becomes fully operational, polished diamonds will be directly traded under one roof.
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Diamonds, jewellery sector pins hopes on duty cut

Business Line 22 Jan 2021
Trade sources in Surat said that a mammoth ₹15,000 crore worth of GST settlements are pending with the government ... ....
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DMCC’S Diamond Exchange to host 6 tenders this month

Gulf Daily News 06 Jan 2021
... us in a position of strength, enabling us to continuously attract buyers and trade to Dubai ... Dubai sits at the crossroads of the rough diamond trade with direct flights to the leading diamond hubs including Surat, Mumbai in India, Israel, Angola, South Africa, Russia and Belgium.
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