The Indian government has been asked by lawmakers from all parties not to accept the recommendation to impose anti-dumping duties (ADD) on viscose staple fibre (VSF). Former Member of Parliament (MP) Ananda Bhaskar Rapolu has requested Union Finance Minister Nirmala Sitharaman to intervene against the latest recommendation of Directorate General of Trade Remedies (DGTR) for imposing ADD on VSF. He is speaking on behalf of MPs from all political parties.
Viscose is the silk of the underprivileged, according to Rapolu, and cotton combined with viscose is the fabric of the future. The future of the Indian textile sector would be hampered by anti-dumping duties. It’s time to consider how to protect consumers and create a level playing field for business. This message has been delivered to the finance minister. and anticipate the government taking important action.
The urgency of the situation was communicated to the finance minister by the MPs and Rapolu. Rapolu added, “She pledged that required actions would be done and acknowledged the concerns highlighted.
This attempt by the MPs aims to guarantee a secure ecosystem for India’s weavers and textile sector. The safety and well-being of India’s weavers, who form the backbone of the country’s textile value chain, are something they hope the government will protect by taking the required steps.
It was said that there is a shortfall in India’s viscose value chain since the domestic supply cannot keep up with the domestic demand. The imports have helped the downstream industry obtain high-quality raw materials at reasonable prices. prices, particularly with the spike in cotton prices. Yet if ADD is once again imposed on VSF, the entire value chain might be in serious trouble because the imported fibre will now cost 28% more. This will have a substantial effect on a big number of Indian weavers and spinners whose livelihood depends on the manufacture of viscose yarn. As a result, it is currently necessary to guarantee that high-quality raw materials may be purchased for reasonable and competitive pricing. According to the MPs, refraining from imposing the ADD on VSF is the first step in assuring the same.
