National Committee on Textiles & Clothing (NCTC) appealed to the Prime Minister for removing Anti-Dumping Duty on Viscose Staple Fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses and stoppage of production across the VSF textile value chain.
The textile industry has been facing stagnation since many years mainly due to the lack of availability of the basic raw materials of man-made fibre / filament yarn at internationally competitive prices.
Taking a serious view of the high price of VSF in India, the captains of the various segments of VSF value chain, under the common platform of NCTC have unanimously submitted a joint representation to the Prime Minister of India for the removal of Anti-Dumping Duty on Import of VSF to achieve global competitiveness and accomplish the target of US$ 350 billion by 2025 set by the Ministry of Textiles for the textiles and apparel sector.
They have also requested the Union Minister of Textiles and Secretary, Textiles to support the textile industry in this regard.