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India: Anti-dumping duty on nylon yarn faces opposition from fabric makers

Nylon fabric makers in the man-made fibre (MMF) sector in Surat are opposed to the recommendation by the commerce ministry’s investigation arm, Directorate General of Trade Remedies (DGAD), for imposing anti-dumping duty up to $719 per ton on import of nylon filament yarn from European Union and Vietnam. Manufacturers feel increase in anti-dumping duty will allow indigenous yarn manufacturers to monopolise prices, thereby creating problems for nylon fabric makers in Surat and other parts of the country.

Surat’s textile industry, which contributes 40 per cent of the man-made fibre demand, has more than 6.5 lakh powerloom machines weaving about 3 crore meters of cloth per day with the annual consumption of 6 lakh metric tonnes of different types of yarns and fibres. Yarns and fibres, including nylon filament yarn (NFY), polyester filament yarn (PFY), polyester yarn (POY), viscose filament yarn (VFY) etc. manufactured in Vietnam and EU are 20 per cent cheaper than the ones made by domestic players.

Following imposition of anti-dumping duty, domestic manufacturers of yarns and fibres will get a free hand to increase prices, especially when demand increases from local market.

 

 
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