Home / Knowledge / News / Textiles / Textile mill seeks yarn anti-dumping duty
Textile mill seeks yarn anti-dumping duty
29
Apr '11
A memo to impose dumping duties on yarn imports has been drafted by a big textile mill. This memo would be handed over to Minister of Trade and Industry Samir al-Sayyad.

Yarn imported from countries like India, Syria and Pakistan costs much less than domestically produced yarn, which has resulted in dumping, and is damaging the domestic textile firms.

The domestically produced yarn costs almost around US$4.8 to US$5.5 per kg, but as against this the imported yarn costs around US$3.5 to US$4.5 per kg.

However, the Textiles Industries Chamber apprehends that, owing to low domestic production capacity, as the textile units import around 50 percent of their material requirement, levy of such duty would complicate the issue.

Also, no efforts have been made to get the memo reviewed by the Chamber.

Experts opine that, rather than subjecting yarn, a production input to dumping duty; it would be a better to levy dumping duties on fabrics and readymade garments.

According to the industry experts, yarn prices have already gone up, while the textile units are also scaling down their production due to invasion of smuggled fabrics and garments, which are impeding these units from selling their products, or from increasing prices in lines with world prices.

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Sugandha Bhardwaj

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search