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Going forward, the textile industry scenario will depend on how the situation evolves in the domestic and international markets and faster return to normalcy will enable the industry to curtail the damages and improve on its growth prospects.
The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, Government of India, has concluded that imposition of anti-dumping duty (ADD) is not warranted on imports of polyester staple fibre (PSF) from China, Indonesia, Malaysia and Thailand.
The Synthetic & Rayon Textile Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, has conferred Reliance Industries (RIL) with a series of awards for its exceptional performance in exports of fibres and yarns. RIL’s president, polyester chain, has also been recognised for his contribution in the textiles industry.
The All India Recycled Fibre & Yarn Manufacturers Association has requested the Union Finance Ministry to maintain the current excise duty cost advantage of recycled PSF vis-à-vis virgin PSF, while finalising the GST rates.
Natural colour cottons are environmental friendly material. Among the four cultivated species of cotton, colour lint is reported in G.arboreum among diploid and in G.hirsutum in tetraploid cottons. White G. barbadense are inherently superior sources of fibre quality and white G. hirsutum cottons are a source of both yield and fibre quality and these have been used for improvement of colour cotton.