Surat: In a continued effort to enhance financial literacy among textile traders, FOSTA, in collaboration with financial management advisor CA Rishabh Bothra, organized the second session of its financial awareness initiative on Thursday, May 1, 2025, at 4:30 PM at the FOSTA office. This follows the successful completion of the first session of the program.
According to FOSTA President Kailas Hakim, the topic of the session was “Learn to Prepare Textile Business Budgets and Dashboards.” Interested traders participated either in person at the FOSTA office or joined the event live via Facebook and YouTube.
The session aimed to guide textile business owners through the essentials of effective budget preparation tailored to their business needs. Participants learned how to create and manage business dashboards to maintain continuous oversight of their operations. The session also covered strategies for maximizing profits even with limited resources and adapting to evolving market conditions through modern business practices.
During the session, CA Rishabh Bothra provided in-depth insights into financial tools and planning techniques relevant to the textile sector. Traders were introduced to practical methods for financial tracking and decision-making that could significantly improve the operational efficiency and long-term stability of their businesses.
President Hakim encouraged all textile traders to attend such sessions and motivate their peers to do the same, emphasizing that collective growth and knowledge-sharing are vital for strengthening the local industry. He reiterated that this financial management initiative presents a valuable opportunity for Surat’s textile community to enhance their financial competence and business performance.
