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

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

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

Eric Scholler
Groz-Beckert

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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