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

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

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

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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 2017

February 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