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ADD removal on VSF to boost growth of Tamil Nadu power looms: SIMA
16 Aug '21
2 min read
Pic: Shutterstock
Appreciating the removal of anti-dumping duty (ADD) on viscose staple fibre (VSF) originating in or exported from China and Indonesia, Coimbatore-based Southern India Mills’ Association (SIMA) chairman Ashwin Chandran recently said with over 2 lakh power looms in Tamil Nadu having migrated to VSF fabric production in recent years, the decision would lead to their growth.
Though VSF produced by domestic manufacturers was quite expensive, its price has reduced now to match global prices to a certain extent, he said in a press release. ADD on VSF ranged between $0.103 and $0.512 per kg.
He said the industry started facing a shortage of viscose fibres as the supply was restricted to only around 200 spinning mills, while polyester fibre was made amply available across the segments.
Non-availability of VSF for micro, small and medium enterprises (MSME) badly affected the power loom and the MSME garment sectors, he said, adding that the recent government decision would greatly benefit the MSME segment.
With the government recently announcing the production-linked incentive scheme earmarking ₹10,683 crores to attract investments in the man-made fibre (MMF) value chain by identifying 42 HS codes MMF apparels, 10 MMF technical textiles products and 14 MMF fabrics, Chandran said as most of these products comprise viscose and its blended textiles, the removal of ADD would facilitate achievement of the vision of creating 40 to 50 world champions in the MMF products.
Though VSF produced by domestic manufacturers was quite expensive, its price has reduced now to match global prices to a certain extent, he said in a press release. ADD on VSF ranged between $0.103 and $0.512 per kg.
He said the industry started facing a shortage of viscose fibres as the supply was restricted to only around 200 spinning mills, while polyester fibre was made amply available across the segments.
Non-availability of VSF for micro, small and medium enterprises (MSME) badly affected the power loom and the MSME garment sectors, he said, adding that the recent government decision would greatly benefit the MSME segment.
With the government recently announcing the production-linked incentive scheme earmarking ₹10,683 crores to attract investments in the man-made fibre (MMF) value chain by identifying 42 HS codes MMF apparels, 10 MMF technical textiles products and 14 MMF fabrics, Chandran said as most of these products comprise viscose and its blended textiles, the removal of ADD would facilitate achievement of the vision of creating 40 to 50 world champions in the MMF products.
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