7 months ago
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The textile manufacture has appealed to the authorities to not levy anti-dumping work connected Mono Ethylene Glycol (MEG), which is 1 of the main earthy materials utilized successful the accumulation of polyester fibre and filament.
R.K. Vij, caput wide of the Polyester Textile Apparel Industry Association, told The Hindu that the textile manufacture consumed 70%-75% of Purified Terephthalic Acid (PTA) and MEG, the superior earthy materials for the accumulation of polyester fibre.
The yearly request of MEG is 28 lakh tonne and adjacent to 12 lakh tonne is imported from Singapore, Qatar, and Saudi Arabia. The manufacture cannot import MEG from China connected relationship of Quality Control Order restrictions.
“One of the captious earthy materials of manmade fibre, yarn, filament, fabrics and garments – MEG is going to go 20% much costly owed to the projected imposition of Anti-dumping Duty (ADD),” helium said.
India imports 40% of the MEG consumed by the home manufacturers. Further, determination is nary task successful the pipeline for the adjacent 3 to 4 years to summation the accumulation of MEG successful the country. The authorities removed ADD connected PTA successful the 2020 Union Budget to guarantee the availability of earthy materials astatine planetary prices for the home MMF industry. It should not enforce the ADD connected MEG too.
The authorities precocious reduced the GST connected MMF yarn and fabrics to springiness a thrust to the accumulation of MMF textiles. If the anti-dumping work is imposed connected MEG, the MMF assemblage volition not spot maturation arsenic the earthy worldly for the accumulation of synthetic products volition go expensive, helium said.
Ashwin Chandran, president of the Confederation of Indian Textile Industry and the president of the Southern India Mills Association, Durai Palanisamy, stated that polyester fibre is predominantly made from PTA and MEG. The earthy materials should beryllium disposable astatine planetary prices for the textile industry.
The manufacture is hopeful of meetings with Textiles, Finance, and Chemical Ministries soon to sermon the issue, added Mr. Vij.
