Blog

FIASWI towards anti-dumping responsibility on nylon filament yarn

Pic: Shutterstock

The Indian Artificial Silk Weaving Association (FIASWI) and Surat-based Loom Weaving Associations, led by FIASWI chairman Bharat Gandhi, recently met with the chairman of the Lok Sabha House Committee, CR Paatil, an MP from Navsari, to present his intervention at the Government assessment to seek no anti-dumping duties on nylon filament yarns.

Out of 12 yarn spinners in the country, only two leading yarn spinners have applied to the General Directorate of Anti-Dumping Duties (DGAD) for an anti-dumping duty on nylon filament yarn imported from China, South Korea and other Asian countries. The leading English-language newspaper cited anonymous sources from FIASWI.

If the DGDA agrees, more than two lakh looms will be shut down, leaving more than 1.5 lakh workers unemployed.

Over 10,000 weavers and their families in Surat will suffer if anti-dumping duties are imposed on nylon filament yarn, Gandhi said. The industry suffered from the anti-dumping duty on nylon yarn for 11 years, which was removed in 2018 and is now under review by DGAD. Gandhi said the anti-dumping duty on yarn will increase imports of cheap fabrics from China and Bangladesh.

Domestic weavers cannot compete with cheap fabrics imported from China and Bangladesh. Spinners cannot make nylon yarn that meets Chinese standards. However, the weirdos are demanding an anti-dumping duty so that they can run a price cartel in India, Gandhi claimed.

Ashish Gujarati, industry leader in weaving machines, said weaving machine centers such as Ludhiana, Bhiwandi, Amritsar, Bhilwara and Varanasi will also suffer from the anti-dumping duty on nylon yarn. (DS)

Fibre2Fashion News Desk – India

Source Link

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *