CPMA raises issue of spurt in Chinese imports

CPMA raises issue of spurt in Chinese imports

Demanding action from the government, the Chemicals and Petrochemicals Manufacturers Association (CPMA) has raised the issue of surge in import of Chinese synthetic textile and raw materials. 

It said that despite imposition of input tariff, goods of Chinese origin are also entering India through Hong Kong, Nepal, Singapore, Thailand and Sri Lanka hurting Indian business.

CPMA said that after the anti-dumping duty was levied on the raw material, the finished good are being imported in large volumes from China.

According to the association, imports of polyester staple fibre more than tripled to 16,785 tonne in July-August this year, compared with 4,441 tonne a year before. Similarly, purchases of polyester filament yarn from overseas more than doubled to 8,965 tonnes in the last two months from a year earlier. 

“Sharp surge in import of Chinese synthetic textile items and raw materials is posing a major risk to Indian synthetic textile industry,” CPMA said.

Recently, Directorate of Anti-Dumping & Allied Duties imposed anti-dumping duty on purified terephthalic acid (PTA) imported from various countries including China. Strangely, price in the domestic market declined for a while before going up on account of dollar-rupee exchange rate variations, it said.

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