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SIMA hails removal of anti-dumping duty on Viscose Staple Fibre

Insight الزيارات: 3056
SIMA
Insight الزيارات: 3056

14th August 2021, Mumbai:

Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has appreciated Prime Minister, Narendra Modi; NirmalaSitharaman, Minister of Finance; PiyushGoyal, Minister of Commerce, Industry & Textiles and SmritiZubin Irani,former Union Minister of Textiles for removing the anti-dumping duty on viscose staple fibre.

Chandran has stated that unlike other manmade fibres, the viscose staple fibre produced by a single indigenous manufacturer was very expensive to the tune of Rs.20 per kg, though recently the domestic manufacturer has reduced the price to match with the international price to a certain extent. He has said that the deemed export price concept extended by the indigenous manufacturer greatly affected the powerloom and downstream sectors, as the industry is predominantly MSME and fragmented.

Chandran stated that the industry started facing shortage of viscose fibres as the supply was restricted to only around 200 spinning mills while the polyester fibre was made available freely across the segments. He stated that the viscose staple fibre was not made available for the MSME segment that greatly affected the powerloom and the MSME garment sectors. The removal of anti-dumping duty on VSF would greatly benefit the MSME segments, he said.

The Government has recently announced the Production Linked Incentive Scheme earmarking Rs.10,683 crores to attract large scale investments in the MMF value chain by identifying 42 HS Codes MMF apparels, 10 MMF Technical Textiles products and 14 MMF fabrics. Chandran stated that as majority of these products comprise of viscose and its blended textiles, the anti-dumping duty removal would facilitate to achieve the vision of creating 40 to 50 world champions in the MMF products.

 

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