NCTC appeals to PM seeking removal of anti-dumping duty on viscose staple fibre, Retail News, ET Retail

New Delhi: The National Committee on Textiles and Clothing (NCTC)has appealed to Prime Minister Narendra

New Delhi: The National Committee on Textiles and Clothing (NCTC)has appealed to Prime Minister Narendra Modi trying to find removal of anti-dumping responsibility on viscose staple fibre and redressal of VSF spun yarn availability and selling price difficulties to protect against position losses across the VSF textile price chain.

Using a major watch of the higher selling price of viscose staple fibre (VSF) in India, captains of a variety of segments of VSF price chain which includes the Apparel Export Promotion Council, the Confederation of Indian Textile Marketplace, the Clothing Manufacturers Association of India, the Indian Spinners Association and the Powerloom Progress Export Promotion Council below the typical system of the NCTC have submitted a joint representation to the Prime Minister.

The representation seeks the removal of “anti-dumping responsibility on import of VSF to realize world wide competitiveness and carry out the concentrate on of USD 350 billion by 2025 established by the Ministry of Textiles for the textiles and clothing sector”.

The NCTC noticed that owing to the escalating desire for viscose staple fibre and its blended textiles and clothes sector chances, the desire for viscose staple fibre has greater steeply not only in India, but also across the world.

“As the imported yarn selling price was cheaper thanks to higher anti-dumping responsibility prevailing on the domestic viscose staple fibre, the weaving and knitting sectors have been importing significant quantity of VSF spun yarn. The import of VSF spun yarn has greater from two million kgs in the course of 2016-17 to 56 million kgs in the course of 2019-twenty,” the committee stated.

The NCTC also highlighted in the attractiveness that “in the put up-Covid sector scenario, VSF selling price has greater from USD 1.fifteen to USD 1.50 for each kg in the course of the previous several months”.

“As the domestic VSF selling price was expensive thanks to anti-dumping responsibility (up to USD .512 for each kg), the desire for domestic spun yarn obtained minimized and as a result, the availability and selling price are influencing the total VSF price chain specially the knitted and powerloom sectors,” explained the committee.

It noticed that all the big VSF powerloom clusters in the states like Tamil Nadu, Maharashtra, Gujarat, and many others are agitating towards the steep maximize in VSF selling prices.

“In watch of the earlier mentioned, NCTC has appealed to the Prime Minister to get rid of the anti-dumping responsibility levied on viscose staple fibre on a war footing to address the burning difficulty, get the rising sector chances and to shield the livelihoods of many lakhs of personnel employed in the VSF textile price chain. This is the next attractiveness to the Prime Minister, in this regard,” it stated.