India may apply anti-dumping duties on Vietnamese nylon filament yarn for five years. This move follows complaints from domestic textile enterprises about cheap imports of such yarn from Vietnam.

However, manufacturers of nylon fabric in India have opposed the anti-dumping duty on nylon yarn, saying it will allow Indian yarn makers to monopolize prices. They say yarns and fibers, including nylon filament yarn made in Vietnam and the EU, are 20 per cent cheaper than the ones made by domestic firms. And just five or six nylon yarn manufacturers in the country are in favor of duties but the thousands of weavers and workers who are attached to the industry are not in its favour. A final decision on this matter is yet to be taken.

India’s nylon filament yarn production increased 2.4 per cent. This makes up just three per cent of total filament yarn production in India. In the second quarter, nylon filament yarn production increased by 1.7 per cent year-on-year, down from 8.8 per cent in the first quarter of the 2017 calendar year. Indian imports of nylon filament yarn increased to 13,799 tons from October 2015 until March 2017, as opposed to 7,201 tons from 2013 to 2014.