SURAT: To the disappointment of powerloom weavers, Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on import of nylon filament yarn from China, Taiwan, South Korea and Thailand.
In a notification issued on Wednesday, DGTR stated that the purpose of anti-dumping duty is to eliminate injury caused to domestic industry by unfair trade practices of dumping by exporting countries. Accordingly, definitive anti-dumping duty in the range of Rs30 to Rs70 per kilogram on nylon filament yarn has been imposed.
Industry sources said nylon yarn spinning industry was running on less than 70% capacity due to dumping of low-grade nylon yarn from China, Taiwan, South Korea and Thailand. Against installed capacity of 1.60 lakh metric tonnes per annum, the industry was manufacturing about 1.10 lakh metric tonnes of yarn per annum.
Narayan Agarwal, president of Nylon Spinners’ Association, said, “Surat is hub of nylon filament yarn manufacturing where about 70% of yarn is manufactured. On an average about 1,300 metric tonnes of nylon yarn per month was being imported from China and other countries, resulting in huge loss to the industry.”
Agarwal added, “The industry has welcomed the decision of DGTR to impose definitive anti-dumping duty on nylon yarn imported from China and other countries. This will allow us to increase the capacity and make fresh investments in the spinning sector.”
Vinay Agarwal, secretary of Nylon Spinners’ Association, said, “Powerloom weavers made wrong allegations against yarn spinners regarding price hike, closure of units and job losses. DGTR findings are based on detailed investigation. The industry is not going to increase yarn prices as they are directly linked with prices of raw material in international market.”
Federation of Indian Art Silk Weaving Industry chairman Bharat Gandhi said, “DGTR decision is disappointing for nylon weavers in the industry. We have convened a stakeholders meeting to decide on future course of action including challenging the decision in high court.”
In a notification issued on Wednesday, DGTR stated that the purpose of anti-dumping duty is to eliminate injury caused to domestic industry by unfair trade practices of dumping by exporting countries. Accordingly, definitive anti-dumping duty in the range of Rs30 to Rs70 per kilogram on nylon filament yarn has been imposed.
Industry sources said nylon yarn spinning industry was running on less than 70% capacity due to dumping of low-grade nylon yarn from China, Taiwan, South Korea and Thailand. Against installed capacity of 1.60 lakh metric tonnes per annum, the industry was manufacturing about 1.10 lakh metric tonnes of yarn per annum.
Narayan Agarwal, president of Nylon Spinners’ Association, said, “Surat is hub of nylon filament yarn manufacturing where about 70% of yarn is manufactured. On an average about 1,300 metric tonnes of nylon yarn per month was being imported from China and other countries, resulting in huge loss to the industry.”
Agarwal added, “The industry has welcomed the decision of DGTR to impose definitive anti-dumping duty on nylon yarn imported from China and other countries. This will allow us to increase the capacity and make fresh investments in the spinning sector.”
Vinay Agarwal, secretary of Nylon Spinners’ Association, said, “Powerloom weavers made wrong allegations against yarn spinners regarding price hike, closure of units and job losses. DGTR findings are based on detailed investigation. The industry is not going to increase yarn prices as they are directly linked with prices of raw material in international market.”
Federation of Indian Art Silk Weaving Industry chairman Bharat Gandhi said, “DGTR decision is disappointing for nylon weavers in the industry. We have convened a stakeholders meeting to decide on future course of action including challenging the decision in high court.”
Trending Topics
LATEST VIDEOS
More from TOI
Navbharat Times
Featured Today in Travel
Get the app