The National Committee on Textiles & Clothing (NCTC) recently appealed to Prime Minister Narendra Modi to remove anti-dumping duty (ADD) on viscose staple fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses and stoppage of production across the VSF textile value chain. NCTC is a common platform representing the chain.
The textile industry has been facing stagnation for many years, primarily due to the lack of availability of the basic raw material of man-made fibre/filament yarn at internationally competitive prices.The National Committee on Textiles & Clothing (NCTC) recently appealed to Prime Minister Narendra Modi to remove anti-dumping duty on viscose staple fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses and stoppage of production across the VSF textile value chain. NCTC is a common platform representing the chain.#
Taking a serious view of the high price of VSF in India, leaders of the Apparel Export Promotion Council (AEPC), the Confederation of Indian Textile Industry (CITI), the Clothing Manufacturers Association of India (CMAI), the Indian Spinners Association (ISA) and the Powerloom Development Export Promotion Council (PDEXCIL) submitted a joint petition to the prime minister in this regard.
The demand for VSF and its blended textiles and clothing has increased both in India and abroad. As the imported yarn price is cheaper, the weaving and knitting sectors have been importing large volume of VSF spun yarn earlier.
The import of VSF spun yarn has increased from 2 million kg during fiscal 2016-17 to 56 million kg during 2019-20, a press release from NCTC said.
NCTC also highlighted that in the post-pandemic market scenario, VSF price has increased from $1.15 to $1.50 per kg in the last few months. The availability and price are affecting the entire VSF value chain, especially the knitted and power loom sectors.
All the major VSF power loom clusters in Tamil Nadu, Maharashtra and Gujarat are agitating against the steep increase in VSF prices.
Fibre2Fashion News Desk (DS)
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