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Budget 2021: What's in store for textile industry?

Budget 2021: What s in store for textile industry?
Union Budget 2021: A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF
Mansi Jaswal | February 1, 2021 | Updated 08:27 IST
Finance Minister Nirmala Sitharaman will present the Budget for 2021-22 on February 1
The textile industry, which is among the hardest-hit sectors due to coronavirus, has urged the government to implement a uniform GST for apparel and to abolish anti-dumping duties on viscose staple fibre (VSF) in the upcoming budget.
A joint committee of textile industry bodies has asked for government s intervention in removing anti-dumping duty on VSF to address its spun yarn availability and price issues. Viscose staple fibre is a key input in the manmade fibre sector. ....

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Tamil Nadu textile firms seek govt help to tap man-made fibre clothing segment

Tamil Nadu textile firms seek govt help to tap man-made fibre clothing segment
The industry wants the Standing Committee on Labour to recommend removing anti-dumping duty and also slotting the entire MMF value chain under 5 per cent GST rate, among other things
Joe C Mathew | January 20, 2021 | Updated 04:51 IST
The textile manufacturers of Tamil Nadu have called for conducive government policies to make India a major player in man-made fibre (MMF) textiles and clothing products globally. They sought certain tweaks in the soon to be implemented labour laws and permission for liberal import of MMF yarn by removing anti-dumping duty on MMF raw materials. ....

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Textile industry asks govt to axe anti-dumping duty on viscose staple fibre

The National Committee on Textiles & Clothing (NCTC) has requested the government 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 said that the textile industry has been facing stagnation since many years due to a lack of availability of the basic raw materials of man-made fibre / filament yarn at internationally competitive prices.
Taking a serious view of the high price of VSF in India, the captains of the various segments of VSF value chain, viz Apparel Export Promotion Council (AEPC), Confederation of Indian Textile Industry (CITI), The Clothing Manufacturers Association of India (CMAI), Indian Spinners Association (ISA) and Powerloom Development Export Promotion Council (PDEXCIL) under the common platform of NCTC have unanimously submitted a joint representation to the prime minister for the removal o ....

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Scrap viscose staple fibre anti-dumping duty, textile bodies urge PM Modi

Scrap viscose staple fibre anti-dumping duty, textile bodies urge PM Modi
National Committee on Textiles & Clothing said the textile industry has been facing stagnation since many years mainly due to the lack of availability of the basic raw materials at internationally competitive prices
Joe C Mathew | January 10, 2021 | Updated 20:55 IST
A joint committee of textile industry bodies has asked Prime Minister Narendra Modi s intervention in removing anti-dumping duty on viscose staple fibre (VSF) to address the VSF spun yarn availability and price issues.
The National Committee on Textiles & Clothing (NCTC) comprising of different players in the VSF value chain said the textile industry has been facing stagnation since many years mainly due to the lack of availability of the basic raw materials of man-made fibre and filament yarn at internationally competitive prices. Unless addressed urgently, it will result in job losses and stoppage of production across VSF tex ....

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NCTC wants govt to remove anti-dumping duty on viscose staple fibre

NCTC wants govt to remove anti-dumping duty on viscose staple fibre
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NCTC observed that “owing to the growing demand for viscose staple fibre and its blended textiles and clothing market opportunities, the demand for viscose staple fibre has increased steeply not only in India, but also across the globe.
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National Committee on Textiles & Clothing (NCTC) had appealed to the Prime Minister Narendra Modi for removing 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. ....

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