NITMA president Sanjay
Garg pleads for quick notification on ADD on Viscose Spun Yarn originating from
Indonesia, Vietnam and China, as recommended by DGTR vide its notification on
30th December 2020.
Garg further added that
such cheap imports are also not in favour of government’s “Make in Indiaâ€Â
initiative and acts as a big disincentive for the downstream industry from
investment’s perspective, which restricts the growth and expansion of domestic
industry.
Garg also informed that
representation on the above has already been sent to Ministry of Finance. The
NITMA president admired and congratulated the Finance Minister for promising union
budget 2021 especially for textile and the clothing sector .
As a closing remark, Garg
humbly appealed for expeditious issuance of notification for levying
Anti-Dumping Duty on viscose spun yarn originating in or exported from Indonesia,
Vietnam and China and imported into India to save domestic industry from the
cheap imports into the country as it had been causing considerable amount of
injury to domestic manufacturers .