NCTC appeals to PM Modi to do away with anti-dumping duty on viscose staple fibre

The National Committee on Textiles and Clothing (NCTC) has asked the Prime Minister to remove anti-dumping duty on viscose staple fibre and redressal of VSF spun yarn availability and price issues to prevent job losses across the VSF textile value chain.

Taking a serious view of the high price of viscose staple fibre (VSF) in India, heads of various segments of the VSF value chain including the Apparel Export Promotion Council, the Confederation of Indian Textile Industry, the Clothing Manufacturers Association of India, the Indian Spinners Association and the Powerloom Development Export Promotion Council under the common platform of the NCTC have submitted a joint memorandum to the Prime Minister.

The representation seeks the removal of anti-dumping duty on import of VSF to achieve global competitiveness and accomplish the target of USD 350 billion by 2025 set by the Ministry of Textiles for the textiles and apparel sector.

The NCTC observed that owing to the growing demand for viscose staple fibre and its blended textiles and clothing market opportunities, the demand for viscose staple fibre has increased steeply not only in India, but also across the globe.

The NCTC also highlighted in the appeal that “in the post-Covid market scenario, VSF price has increased from USD 1.15 to USD 1.50 per kg during the last few months.

It observed that all the major VSF powerloom clusters in states like Tamil Nadu, Maharashtra, Gujarat, etc are agitating against the steep increase in VSF prices.