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Union govt recommends against anti-dumping duty on nylon yarn

The powerloom weavers in the country’s largest man-made fabric (M... Read More
SURAT: The powerloom weavers in the country’s largest man-made fabric (MMF) centre in Surat have heaved a sigh of relief after the union finance ministry and the Prime Minister’s Office (PMO) recommended not to impose anti-dumping duty on the nylon multi-filament yarn imported from China,

Korea

,

Taiwan and Thailand.



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The decision has been taken by the government after the union textile ministry had opposed the Directorate General of Trade Remedies (DGTR)’s recommendations for imposing of anti-dumping duty on the imports from the south-east Asian countries.

Powerloom weavers have stated that the quality of

nylon yarn

manufactured by the domestic yarn spinners was not up to the mark and the weavers are forced to import better quality yarn from other countries to reduce production loss.

In February, the Gujarat textile commissioner’s office had written to the union textile ministry stating that against 19% rise in the import of nylon multi-filament yarn between 2015 to 2019, the production of yarn in the country had increased by 24% during the same period.

Ashish Gujarati, president of

Pandesara Weavers

’ Cooperative Society told TOI, “Government’s recommendation for not imposing anti-dumping duty on nylon filament yarn will provide a level-playing field to the

Indian textile industry

in the international market. Weavers and knitters will be able to manufacture better quality fabrics at

international competitive prices

.”

Chairman of Federation of Indian Art Silk Weaving Industry (FIASWI), Bharat Gandhi said, “The nylon weaving sector provides employment to over 1.50 lakh workers and has a turnover of Rs 6,000 crore per annum. With competitive availability of this yarn, the textile industry is all set to achieve new heights.”


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