Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
MoreBack to News Headlines
India’s $60 billion man-made textile sector reels from Chinese imports glut

India’s $60 billion man-made textile sector reels from Chinese imports glut

The Hindu
Sunday, December 24, 2023 1:42 AM GMT

India's MMF sector faces increasing imports, higher domestic prices, & QCOs, impacting local spinners, knitters, weavers & processors.

For almost a year now, India’s major textile hubs of Ludhiana, Surat, and Erode have been fighting an almost insurmountable challenge: rising imports, or arguably large-scale dumping, of man-made fibre (MMF) fabrics that is affecting a sector valued at about $60 billion.

Rajesh Bansal, a fabric processor in Ludhiana, took his friends from Nagpur recently to a retail outlet to buy fleece. “Of the six pieces shown to us, four were from China,” he says.

“China dumps fabric and this creates problems,” asserts Ashok Jirawala, president of the Federation of Gujarat Weavers Association. “We ran our weaving units to full capacity and now we have unsold stocks. So, we plan to cut production by 20%.”

C. Jaganathan, who weaves fabrics in Erode, imports viscose yarn from China. “When the prices were ₹180 a kg for Indian yarn, I got it for ₹125 a kg from China. Only for the last one month Chinese prices are higher. The Chinese sellers are now offering the current price for a year,” he observes.

In the last three years, MMF fabric imports, which attract mostly 20% duty, have doubled and most of it is knitted synthetic fabrics, contends R.K. Vij, secretary general of the Polyester Textile Apparel Industry Association.

According to data shared by Mr. Vij, in 2019-2020 (April to March), about 325 tonnes of fabric were imported every day from China at $4.61 a kg. The volume increased to 887 tonnes a day in the April-June quarter of this fiscal and the average value was about $2.90 a kg. Of this, value of knitted or crocheted dyed fabrics made of synthetic fibre was just $1.4 (about ₹118) a kg.

It is not just imports, but “under invoicing of imported finished fabrics that is a major issue,” notes Mr. Vij. “The government should issue a notice to Customs, stopping clearance of fabrics that are priced below a certain value at the ports,” he urges.

Read full story on The Hindu
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
World Bank cuts India’s FY26 growth forecast to 6.3% on subdued exports, investments

World Bank cuts India's growth forecast to 6.3% for FY 2025-26, citing dampened export and investment growth.

Rupee rises 6 paise to 85.51 against U.S. dollar in early trade

Indian rupee strengthens against the U.S. dollar on FII inflows and lower oil prices, with market awaiting trade deal.

India-U.S. trade pact: Officials discuss market access, digital trade, customs facilitation

India and the U.S. are negotiating a comprehensive Bilateral Trade Agreement, focusing on market access, digital trade, and customs facilitation.

Maruti Suzuki cuts near-term EV production amid rare earths crisis

Maruti cuts e-Vitara production by two-thirds due to rare earth shortages, aims to meet full-year target.

SEBI issues ₹5.35-crore demand notice to OPG Securities, others in NSE co-location case

SEBI issues ₹5.35 crore recovery notices to OPG Securities and directors for unfair trade practices, warning of asset attachment.

Inflow into equity MFs hits 13-month low at ₹19,000 crore in May

Equity mutual funds experience lowest inflow in 13 months, with SIP contributions remaining robust in May.

RBI slashes interest rates, but who will borrow?

RBI aggressively eases monetary policy to boost consumption and investment, focusing on SMEs and rural sectors for growth.

India’s rising household debts are not worrisome: SBI report

India's household debt manageable, with majority prime credit quality borrowers, asset creation loans, and potential interest savings.

Sensex snaps 4-day rally, Nifty ends unchanged in volatile trade

Sensex closes lower after 4-day rally, Nifty gains slightly; investors cautious amid global cues and trade talks.

Congress slams Modi government after World Bank said extreme poverty in India declined; says inconvenient data brushed aside

Congress criticizes Modi government for celebrating drop in poverty to 5.3% based on $3/day poverty line, lacking dignity.

WazirX crypto exchange’s restructuring proposal struck down by Singapore High Court

WazirX saw its proposed restructuring plan shot down by the Singapore High Court.

No declining trend in FDI into India: Piyush Goyal

India sees consistent growth in FDI, attracting USD 748.78 billion over 11 years, with renewed inflows and global appeal.

Rupee rises 8 paise to 85.58 against U.S. dollar in early trade

Rupee strengthens against US dollar on positive equity markets and foreign inflows, but capped by global factors.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
NSE gets SEBI’s nod to launch monthly electricity futures contracts

NSE approved to launch monthly electricity futures contracts, aiming to provide hedging tools, accurate price signals, and encourage investments.

India-EU FTA will elevate strategic partnership: Jaishankar

India and the European Union have made progress in discussions related to a free trade pact that will be “comprehensive, balanced and meaningful”, said External Affairs Minister S. Jaishankar

NTPC raises $750 million ECB term loan 

NTPC secures $750 million ECB Syndicated Term Loan for renewable energy projects, facilitated by Bank of Baroda and HDFC Bank.

PNB expects NIM pick-up from Q3 with access to more CRR funds, imminent cut in deposit rates

Punjab National Bank expects NIM boost from RBI measures, plans to lower deposit rates for better interest income.

Kerala’s Sylcon deploys Staqu Tech’s JARVIS AI solution to power retail store operations 

Staqu Technologies deploys AI platform JARVIS at Sylcon retail chain for smarter operations and enhanced customer experience.

India’s AI market set to triple to $17 billion by 2027: Boston Consulting Group

India’s artificial intelligence market set to triple to $17 billion by 2027, says Boston Consulting Group

SBI hires 13,455 clerical staff 

SBI hires 13,455 Junior Associates to enhance customer experience, with recruitment process completed in 2025.

SEBI mandates dedicated UPI address for registered intermediaries

SEBI introduces @valid UPI handle for secure payments, combating fraud, with awareness campaigns and SEBI Check app.

Rupee rises 6 paise to settle at 85.51 against U.S. dollar

Rupee strengthens against the dollar, supported by foreign fund inflows, while investors await CPI data release.

Stock markets close higher on firm global trends, foreign fund inflows

Sensex and Nifty close higher, Sensex up by 123 points, Nifty marks sixth day of gains.

Govt working on draft framework to standardise default temperatures of air conditioners: Union Power Minister Manohar Lal

BEE working on standardizing AC temperatures to improve energy efficiency, consultations ongoing with appliance makers and states.

Challenging times for global trade; India will certainly cross $825 billion exports this fiscal: Piyush Goyal

India's exports set to surpass $825 billion in 2025-26 despite global challenges, with growth expected in key sectors.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us