Home / Knowledge / News / Textiles / VSF textile sector against lifting anti-dumping duty
VSF textile sector against lifting anti-dumping duty
29
Apr '16
India's viscose staple fibre (VSF)-based textile industry which has grown remarkably in the last five years, has warned that “tampering the existing anti-dumping duty structure will affect its growth" in the light of increased dumping by China and Indonesia.

"Before anti-dumping duty was imposed, Chinese and Indonesians had nearly killed our market. Now both the countries are again trying to flood the market with heavy discounts," Ramesh Natarajan, Director of Indian Man-Made Yarn Manufacturers Association, told PTI.

The anti-dumping duty, imposed in 2010, is due for review and a section of the textile industry is calling for ending duty protection, citing rising input cost.

Among those pushing for scrapping the anti-dumping duty is the Indian Spinners Association (ISA). It has said continuation of the duty on the fibre will have a "deleterious effect" on the textile sector, which is already reeling under high cost of production and sagging export demand.

Before the government imposed the anti-dumping duty, Chinese and Indonesian companies were selling their products at Rs 185-190 a kg while the domestic prices were much higher, Natarajan said. But the quality of domestic VSF is unmatched, he added.

He warned that if the anti-dumping duty is rolled back, it will kill the domestic industry.

Natarajan claimed that the industry has already lost over two lakh direct jobs, with one lakh in the Coimbatore-Erode belt of Tamil Nadu alone. He warned of more job losses if the government succumbs to international and domestic pressure.

Natarajan said the biggest VSF-based textile hub is the Coimbatore-Erode belt which consumes over 20,000 tonnes of the textile a month, while the intake in the rest of the country is only 5,000 tonnes.

"The government must ensure that there are adequate safeguards in place for all products of the VSF value chain so that this industry attracts more investments and drives local manufacturing, which is the key focus of the present regime," P S Sundaram, Managing Director of Erode-based Victory Spinning, said.

Over the past five years, the domestic VSF industry grew at a CAGR of 11 per cent while exports clocked 14 per cent CAGR, the report said.

Exports jumped from 249 tonnes per day (tpd) in 2011-12 to 424 tpd in 2015-16, and domestic sales grew from 590 tpd to 853 tpd.

This growth has been driven by the largest domestic VSF producer Grasim Industries, initiatives like creating robust consumer demand and collaboration with SMEs, among others.

Development of the VSF supply chain has also attracted major global brands.

According to the report, top international brands like American Eagle, Kohls, Bershka and GAP, among others, have increased their intake from India by around 20 per cent, the report said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

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

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 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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