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Saturday, 16 March 2024 11:18

FOSTAA undergoes name change for a more inclusive approach towards sectors

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With its relocation to the vibrant Millenium Market on Ring Road, Federation of Surat Textile Traders Association (FOSTTA) has not only changed its address but also its name, reflecting a broader scope of representation. 

Henceforth, the association shall be known as the Federation of Surat Trade and Textile Associations, signifying a more inclusive approach towards the various sectors within the city's bustling commercial landscape.

The decision to alter the name was made prior to the association's registration under the Companies Act, demonstrating proactive foresight and adaptability on the part of its leadership. Kailash Hakim, President, FOSTTA, highlighted the necessity of this move, emphasising that registration is vital for enabling a plethora of activities and ensuring a robust legal standing for the association.

This pivotal transition will be commemorated with the inauguration of the new office premises in Millenium Market with enhanced facilities for both directors and members. The move underscores FOSTTA's commitment to foster a conducive environment for collaboration and growth within the textile community.

Surat's textile trade, a cornerstone of the city's economy, operates from a staggering 211 markets and boasts over 70,000 shops, indicative of its formidable scale and significance on the national stage. From exquisite sarees to versatile dress materials, luxurious furnishing fabrics to trendy garments, Surat's textile offerings have carved a niche for themselves, captivating markets across the length and breadth of the country.