Industry And Cluster | News & Insights

Budget reaction: Madhusudhan Bhageria,CMD, Filatex India Ltd.

Published: February 4, 2020
Author: TEXTILE VALUE CHAIN

“Abolition of anti-dumping duty on PTA is huge positive for polyester yarn manufacturers like us.  We welcome and appreciate the Government of India’s efforts in abolishing anti-dumping duty on PTA  to make critical input for manmade fibers easily available at competitive prices. It would go a long way in strengthening domestic manufacturing of manmade fibers and textile players at large, which would also make them more competitive in international markets.

Abolition of current antidumping duty, which is in the range of $23 to $62 per ton on imports from EU and China, means reduction in cost of raw material for polyester yarn manufacturers and easy availability of raw materials too. This would help us to improve our profitability during the next financial year.”

Related Posts

PROFICORN 2023: Billionaire Nithin Kamath, Prashant Pitti and Rajiv Talreja Come Together to Celebrate India’s MSME Heroes