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AAA Stating that imposition of anti-dumping duty on viscose spun yarn will have negative impact on Micro, Small and Medium Enterprises (MSMEs) and large group of scattered small and marginal producers, members of the Tamil Nadu Federation of Powerlooms Associations has urged the Ministry of Finance not to go ahead with the Director General of Trade Remedies (DGTR) recommendation on imposing anti-dumping duty on imports from China, Indonesia and Vietnam.
In a letter to the Minister of Finance and Corporate Affairs, New Delhi, members said that two-third of the country’s yarn needs are fulfilled by domestic procurement while the rest is imported from other countries. The letter said that due to increase in the demand for yarn, the price of domestically available yarn was hiked frequently worrying the powerloom unit owners. Imposition of anti-dumping duty will worsen the situation leading to job loss. Hence, the letter urged the ministry to drop the decisio
The National Committee on Textiles & Clothing (NCTC) has requested the government to remove anti-dumping duty (ADD) on Viscose Staple Fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses and stoppage of production across the VSF textile value chain. NCTC said that the textile industry has been facing stagnation since many years due to a lack of availability of the basic raw materials of man-made fibre / filament yarn at internationally competitive prices. Taking a serious view of the high price of VSF in India, the captains of the various segments of VSF value chain, viz Apparel Export Promotion Council (AEPC), Confederation of Indian Textile Industry (CITI), The Clothing Manufacturers Association of India (CMAI), Indian Spinners Association (ISA) and Powerloom Development Export Promotion Council (PDEXCIL) under the common platform of NCTC have unanimously submitted a joint representation to the prime minister for the removal of ADD on
NCTC wants govt to remove anti-dumping duty on viscose staple fibre
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NCTC observed that “owing to the growing demand for viscose staple fibre and its blended textiles and clothing market opportunities, the demand for viscose staple fibre has increased steeply not only in India, but also across the globe.
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National Committee on Textiles & Clothing (NCTC) had appealed to the Prime Minister Narendra Modi for removing anti-dumping duty (ADD) on viscose staple fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses and stoppage of production across the VSF textile value chain.
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