NITMA urges levying ADD on polyester spun yarn



Appreciating the latest determination by India’s Directorate Basic of Commerce Treatments (DGTR) to levy anti-dumping responsibility (ADD) on viscose spun yarn imported from or originating in Indonesia, Vietnam and China, North India Textile Mills Affiliation (NITMA) President Sanjay Garg just lately advocated levying ADD on polyester spun yarn as properly.

Nation-wise information on import of virgin polyester spun yarn from 2015 to 2020 explains the pressing have to impose ADD on such yarn, he mentioned in a press launch.

Month-to-month common imports of virgin polyester spun yarn (underneath the PUC) have elevated by 972% per cent from 2015 to 2020. Imports from Vietnam alone have elevated by 10,512 per cent, i.e., 107 instances.

Common month-to-month imports for 2020 are 5,212 tonnes per thirty days out of the entire home month-to-month consumption of 22,000 tonnes per thirty days, which signifies that imports take pleasure in 25 per cent of the entire market share. Furthermore, this development is growing with nice velocity.

Import numbers have been rising considerably yr after yr attributable to extraordinarily and unreasonably low costs supplied by Indonesian and Vietnamese spinners on account of giant idle capacities created owing to their authorities’s incentives, Garg added.

Fibre2Fashion Information Desk (DS)

Appreciating the latest determination by India’s Directorate Basic of Commerce Treatments (DGTR) to levy anti-dumping responsibility (ADD) on viscose spun yarn imported from or originating in Indonesia, Vietnam and China, North India Textile Mills Affiliation (NITMA) president Sanjay Garg just lately beneficial levying the identical responsibility on polyester spun yarn as properly.





Supply hyperlink

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a comment
scroll to top