Home / Knowledge / News / Textiles / India's synthetic textile imports surge after duty on PTA
India's synthetic textile imports surge after duty on PTA
06
Oct '14
The imports of synthetic textiles by India have surged after the Indian Government imposed anti-dumping duty ranging between US$ 19.05 per ton to $117.09 per ton, on imports from China, South Korea, Thailand and the European Union, the Chemicals and Petrochemicals Manufacturers Association, India (CPMA) has said.
 
In July-August 2014, India’s polyester staple fibre (PSF) imports stood at 16,785 tonnes, which is over three times more than import of 4,441 tonnes during the same period last year, according to CPMA.
 
Similarly, India’s imports of polyester filament yarn (PFY) climbed 130 percent to 8,965 tonnes during the two-month period compared to the corresponding period of last year.
 
Most of the increase in import of PSF and PFY is due to a surge in imports from China, which poses a major risk to the Indian synthetic textile industry, according to the CPMA.
 
“China is becoming more aggressive now since its domestic demand is not growing rapidly as it used to do earlier. Recent trends indicate stagnation and flagging demand in Chinese market. Hence, renewed efforts to dump in large markets like India,” CPMA said in a statement.
 
The association said that it has also written to Minister of State for Commerce Nirmala Sitharaman, apprising her of the situation. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search