Home / Knowledge / News / Textiles / 'Duty on PTA imports will harm Indian polyester industry'
'Duty on PTA imports will harm Indian polyester industry'
27
Jun '14
Industry experts claim that the anti dumping duty levied on Purified Terephthalic Acid (PTA) imports in India is likely to harm the Indian polyester industry.

The Ministry of Commerce and Industry issued a notice levying anti dumping duty on June 19, 2014 for import of PTA from China, Korea, Thailand, and European Union (EU).

While speaking to Fibre2Fashion correspondent Mary Christine Joy, Mr. D K Nair, Secretary General, Confederation of Indian Textile Industry (CITI) said, "The duty will actually harm the Indian polyester industry. We have to substantially diversify into manmade fibre based products, for which we need competitive polyester fibres. This anti dumping duty will push up PTA prices, so fibre will also be costlier."

"We are already not exporting too much of manmade fibre based products, and if PTA prices go up, our export condition will further worsen," he adds.

On a similar note, Mr. M S Bhageria, President, PTA Users Association remarks, "Anti dumping duty will increase the overall cost of all polyester raw materials like polyester chips, polyester filament, polyester staple fibre, polyester fabrics, and polyester garments."

"This duty will result in a closure of small scale industries of APP 20000 units in India," he remarks.

"There are some apprehensions that there may be a shortage of cotton because of the monsoon failure. If this happens, the industry should find it easy to shift to manmade fibres. But if we also make the manmade fibres costly by anti dumping duty, it will create a difficult situation," DK Nair concludes.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News

Textiles | On 22nd Feb 2018

Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget

The Gujarat government has made a provision of Rs 843 crore in the...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search