Related Keywords: anti-dumping duty, global market, high cost of key raw material, in consultation with Finance and revenue department, look at duty cut on MMF, making Indian goods uncompetitive, manufacturing blended garment, most common man-made fibres, Textile Ministry, tonnes of material imported, viscose fibre, World Trade Organisation
The textile ministry in consultation with the finance and revenue departments to look at the possibility of a duty cut on man-made fibre as high cost of key raw material for manufacturing blended garments is making Indian goods uncompetitive in the global market. Each year, nearly Rs . 900 crore worth of man-made fibre material is imported by garment makers.
The textile industry has been intensely lobbying for duty cuts on both domestic and import fronts, had been given hope during the previous year's budget, but the decision is yet to arrive.
