Ludhiana , Nov 2020
Shri Sanjay Garg, President ,NITMA said that NITMA wholeheartedly welcomes the Government’s decision to revoke the antidumping duty on Acrylic Fibre originating in or exported from Thailand and imported into India as per the Government Notification No.36/2020-Customs (ADD) dated 11th November, 2020 of Ministry of Finance, Department of Revenue. He further added that removing the Antidumping duty on Acrylic Fibre, which was long overdue , will be a game changer to the Indian AF sector and it will go a long way in boosting the growth of the MMF Industry . He also said that this move will act as an impetus to this labour intensive sector with generation of additional employment and hiking the competitiveness of entire value chain of the Indian Acrylic Fibre sector, which is going to be a big fillip to value addition.
Sh. Garg also informed that NITMA has been pursuing relentlessly with the Government and made several representations, to Ministry of Commerce & Industry and also to Ministry of Textiles, for removal of the antidumping duty on the Acrylic Fibre. He also led a delegation to the Ministry of Commerce and Ministry of Textiles to apprise & discuss the concerns of the industry and one of the concerns raised was continuance of the ADD which has been hurting the growth of the Indian AF sector. The delegation had requested Shri Piyush Goyal, CIM and also Secretary Textiles to consider the issue and recommend to the Government to take decision based on merit to abolish the existing ADD and also decide on not to impose any fresh ADD on Acrylic fibre to help achieve the overall growth and competitiveness of the entire textile sector, keeping in view the larger public interest & millions of livelihoods connected. NITMA president appreciated the fact that both the
ministries had assured that the necessary steps will be taken to resolve this important issue which has been hurting the growth and competitiveness of the Acrylic sector, a potential manmade Textile sector area in India, which has huge growth prospects and export potential.
In India AF is known as poor man’s wool due to its affordability. He said that the continued imposition of ADD on AF for more than two decades , against almost all the exporting countries , makes the raw material- AF costlier for domestic Acrylic yarn producers eventually making the value added downstream sector uncompetitive. As a consequence, it blocks the progress of downstream value added segments thereby affecting the growth and
livelihoods of lakhs with bleak future growth.
The Acrylic Fibrés value added downstream segment includes sweater and shawl making with huge growth potential both in our domestic and export markets. These are mostly in the unorganized sector employing about 10 lakhs people in India. The imposition for ADD on Acrylic Fibre has been pressed by 3 players in India, and all of them operates with huge revenues and profit margins employing only about 3500 persons.
