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Weavers seek measures to strengthen MMF industry
24
Feb '12
To check the negative growth of man-made fibre (MMF) industry of India, particularly in the hub of Surat, the Federation of Indian Art Silk Weaving Industry (FIASWI) has made several demands for inclusion in the forthcoming budget.

According to FIASWI, dearth of raw material is the key concern of the domestic powerloom sector. In addition, the prices of man-made fibres are highly volatile due to monopolistic pattern of production in the hands of just a few local manufacturers.

Majority of the man-made fibres have been subjected to anti-dumping duties, owing to strong monopolistic producers and financial fragility of the decentralized weaving industry. This has induced negative fabric production growth and led to a rise in fabric import from China and other countries.

Man-made fabric production rose at a year-on-year rate of 11.23 percent during 2009-10, but then it dropped to negative 4.95 percent during 2010-11, and further to negative 7.04 percent during April-June 2011-12 over previous year's corresponding period.

The Textile Ministry has devised a draft national fibre policy aimed at achieving 40:60 ratio in cotton to man-made fibre consumption, up from the 61:39 ratio existing at present.

In view of the prevailing scenario, FIASWI has urged the Government to include new fiscal and monetary measures while formulating the next budget, for strengthening the man-made fibre industry.

FIASWI has demanded that all textiles and fibres should be subjected to a uniform excise duty of four percent. It has also recommended that specialized man-made filament yarn, not produced indigenously, should be granted exemption from customs duty.

The Federation has also demanded a cut in the five percent excise duty on automatic and projectile looms so as to motivate the fabric producers in the decentralized powerloom industry to improve their weaving facilities.

Fibre2fashion News Desk - India


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