India: Abolition of anti-dumping duty on yarn, fibre sought

06/09/2011 12:00 - 403 Views

SURAT: With the prices of synthetic yarn and fibre increasing in the domestic market, the weavers and the importers have demanded that the anti-dumping duty on all types of yarns and fabrics imported from China and other countries should be abolished to streamline the prices in the local market.

Market sources said the yarns and fibres, including nylon filament yarn (NFY), polyester filament yarn (PFY), polyester yarn (POY), viscose filament yarn (VFY) etc. manufactured in China is 15-20 per cent cheaper than the ones manufactured by the domestic players. Following the imposition of the anti-dumping duty, the domestic manufacturers of yarns and fibres have got a free hand to increase the prices, especially when the demand increases from the local market.

Surat's textile industry, which contributes to nation's 40 per cent of the man-made fibre demand, has more than 6.5 lakh power loom machines weaving about 3 crore metres of cloth per day with the annual consumption of 6 lakh metric tonnes of different types of yarns and fibres.

Sep 3, 2011, 11.00pm IST

By Melvyn Thomas

Source: timesofindia.com