NITMA demands quick notification on ADD on Viscose Spun Yarn.

Northern India Textile Mills Association (NITMA) has demanded for quick notification on Anti-Dumping Duty (ADD) on Viscose Spun Yarn originating from Indonesia, Vietnam and China, as recommended by DGTR vide its notification on 30 December 2020.

NITMA is a leading trade body of textile mills working for the growth of textile industry.

Sanjay Garg, President, NITMA, said in a statement that cheap imports of the Viscose Spun Yarn are not in favour of Government’s ‘Make in India’ initiative and acts as big disincentive for the downstream industry from investment’s perspective, which restricts the growth and expansion of domestic industry.

The representation in this regard has already been sent to Ministry of Finance.

They are appealing for expeditious issuance of notification for levying ADD on Viscose Spun Yarn originating in or exported from Indonesia, Vietnam & China and imported into India to save domestic industry from cheap imports into the country as it has been causing considerable amount of injury to domestic manufacturers.