India has imposed anti-dumping duties on polyester produced in China and Thailand since October 21, and various parties have received mixed reactions. Vardhaman, chairman of SPO brand, believes that this is not a good thing for garment export companies, because they need to win Pakistan, Bangladesh, Sri Lanka and many other countries in the international market. Increased raw material prices will make this battle more difficult.
Vinod Thapar, chairman of the Ludhiana Knitting Club, also said that the imposition of anti-dumping duties will increase the price of imported polyester yarn from China, which will indeed have an impact on garment export companies, especially T-shirt companies. Only Indian chemical fiber companies will benefit from it. Benefit.
Rajiv Garg, chairman of Garg Chemical Company, believes that although this is a good thing for chemical fiber companies, since T-shirts and sportswear will use polyester filament, the cost of textile companies will undoubtedly increase. He believes that the government should directly impose anti-dumping duties on Chinese fabrics.
Kuntal Jain, director of Duke Company, said that it is obvious that the government is looking for ways to help the textile industry tide over the difficulties, but it must pay attention to balancing the interests of upstream and downstream enterprises so that they can receive equal policy support and jointly cope with the increase in export competition. challenge.
Madan Mohan Vyas, chairman of the Punjab Spinning Federation, said that since this yarn is mainly used in blankets and sportswear, the tax will not have a direct impact on them, but it will affect clothing companies. He believes that in addition to imposing anti-dumping duties, the government should take more active measures to support the development of domestic manufacturing companies, increase the added value of manufacturing products, and create “Made in India” around the world. India imposes anti-dumping duties on polyester produced in China and Thailand, with mixed reactions from all parties
