Anti Dumping Duty on viscose staple fibre (VSF) is a big plus: AEPC
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4th Aug 2021, Mumbai:
Anti Dumping Duty on viscose staple fibre (VSF) is a big plus asserts, Apparel Export Promotion Council (AEPC) chairman A Sakthivel.
He is quite appreciative of Government of taking a right step in the right direction. He emphasises that this step on the back of earlier measures undertaken recently will give an impetus to the man-made fibre (MMF) sector & shall go a long way.
AEPC along with other organisations in the VSF value chain had appealed to Prime Minister Narendra Modi for removing ADD on VSF to course correct issues related to VSF spun yarn availability and price to prevent unintended consequences & possible impact it has across the VSF textile value chain.
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“The decision be a booster to MMF segment, which both industry and government have well recognised/ identified as the key sector for perking up Indian Apparel global share and deepening its integration with global supply chains. This on the back of the fact that proposed Production Linked Incentive (PLI) scheme for the MMF segment is already on the anvil bodes well for the future prospects of Textile trade per say,” maintain all the stakeholders.
This well intended initiative will make the domestic VSF prices aligned with the global VSF prices making the entire Indian VSF textile value chain globally competitive & in turn potentially boost production and exports of these products,” Sakthivel added.
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