Surat Arhtiya Kapada Association Steps Up to Protect Traders' Payments

Surat, India - The Surat Arhtiya Kapada Association has announced a new initiative to protect the payments of traders in the lower markets. Under this initiative, the association will issue a letter to the Surat Transport Association to ban the booking of goods going from Surat to any merchant who has outstanding payments to commission agents, suppliers, or agents. This measure is expected to improve business and ensure that traders receive timely payments for their goods.

Key Points:

• The association will ban the booking of goods for any merchant who has two or more outstanding payments to commission agents, suppliers, or agents.
• The association will request the Surat Transport Association to stop transporting goods for merchants who have a long history of defaulting on payments.
• All traders are encouraged to insure their goods before sending them to avoid any losses.

Quotes:

• Prahlad Aggarwal, Chairman of Surat Arhtiya Kapada Association : "This initiative will improve business for traders in Surat and ensure that they receive timely payments for their goods."
• Rajeev Omar, Co-Chairman of Surat Arhtiya Kapada Association : "We are committed to protecting the interests of our traders and this initiative is a step in that direction."