Surat: South Gujarat Yarn Dealers Association, using the services of a leading company, has developed a software on the lines of CIBIL that will reduce the possibility of defaults in the yarn market, which has an annual turnover of Rs 8,000 crore. Pankesh Patel, newly appointed president of the association, and past president Anil Dalal claim that some weavers and merchants keep payment to a dealer pending and buy yarn from a second dealer and then from a third dealer and so on. This softw...Read More