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Related Keywords: at Xinjiang, China, face new threat, give a heavy blow to Pakistani textile exports, heavily investing in textile manufacturing facilities, losing market share, Pakistan struggling textile industry, province bordering the south Asian nation, setting up textile park

China, which is heavily investing in textile manufacturing facilities is setting up textile park in its province bordering the south Asian nation at Xinjiang, a leading trade body said on Wednesday due to this Pakistan’s struggling textile industry would face a new threat of further losing its market share, as it is likely to give a heavy blow to Pakistani textile exports.

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.