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India removes ADD from viscous staple fibers. AEPC welcomes the decision

The Government of India yesterday removed the Anti-Damping Obligation (ADD) for Viscous Staple Fiber (VSF). Former textile minister Smriti Irani argued that the “paving the way” decision would invigorate the money market fund (MMF) sector and tweeted that it was made after a thorough investigation that began in February this year. Irani currently holds a development portfolio for women and children.

Biodegradable VSF fibers are obtained from wood pulp and cotton pulp that share the properties of cotton fibers. They are versatile, easy to bend and have a wide range of uses in apparel, household textiles, furniture, dress materials, textiles and knitwear.

Welcomed by this decision, A Sakthivel, chairman of the Apparel Export Promotion Council (AEPC), said it would be an important milestone in the history of Indian apparel. He thanked the government for accepting AEPC’s request on this issue.

In January of this year, AEPC, along with other organizations in the VSF value chain, told Prime Minister Narendra Modi to address issues related to the availability and price of VSF spun yarn and prevent unemployment and production outages across VSF textiles. , Appeal to remove VSF ADD. Value chain.

“This decision will support the MMF segment, which both the industry and the government have identified as the sunrise sector to increase India’s share of global apparel trade. Use high quality fabrics at the right price. Will ultimately give wings to the Production Linked Incentive (PLI) scheme proposed for the MMF segment, “AEPC said in a statement.

“With the elimination of protectionist tariffs on VSF, domestic VSF prices will match global VSF prices, making India’s entire VSF textile value chain globally competitive. It is the production of these products and It will boost exports, “added Sakthivel.

The major VSF power loom clusters are located in Tamil Nadu, Maharashtra and Gujarat.

Fiber2Fashion News Desk (DS)

India yesterday lifted anti-dumping tariffs on viscous staple fibers. Former textile minister Smriti Irani said in a tweet that the “paving the way” decision would bring vitality to the artificial textile sector and was made after a thorough investigation initiated in February this year. Irani currently holds a development portfolio for women and children.



India removes ADD from viscous staple fibers. AEPC welcomes the decision

Source link India removes ADD from viscous staple fibers. AEPC welcomes the decision

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