Related Keywords: Anil Rajvanshi, Chairman of SRTEPC, cheaper imported yarn, Chinese producers, dump polyeter fibres in India, filament yarn, high excise duty, Indian MMF industry, losing market share, rising ingress of foreign yarn, Santosh Gangwar, spun yarn, tough phase, Union Textiles Minister
Anil Rajvanshi, Chairman of Synthetic and Rayon Textiles Export Promotion Council had a meet with the Union Textiles Minister Santosh Kumar Gangwar over the rising ingress of foreign yarn. In a letter later submitted to the Ministry, Rajvanshi said that the Indian “manmade fibre industry is passing through a tough phase as the substantially high excise duty provides edge to Chinese producers to dump polyester fibres in India.”
According to him the domestically produced synthetic yarn is losing market share to cheaper imported yarn from China, Vietnam and Bangladesh.
