India Textiles Ministry Plans Duty Cuts and Supply Measures Amid War Disruptions
The Indian Textiles Ministry is implementing strategic measures to mitigate the impact of the ongoing West Asia conflict on the domestic textile industry. Key initiatives include proposing customs duty cuts on critical man-made fibre inputs such as cotton, rayon pulp, and wood pulp. The ministry has also requested a deferment in anti-dumping duty investigations for elastomeric fibre and viscose rayon filament yarn to alleviate supply constraints. Additionally, officials plan to request priority status for the sector regarding natural gas supplies from the Ministry of Petroleum and Natural Gas. The war has significantly disrupted the availability and pricing of poly-ethylene terephthalate (PET), a crucial component for polyester production. Industry representatives highlight that approximately 11% of India’s apparel exports, valued at $1.8 billion, are directed to war-affected regions like the UAE, Saudi Arabia, and Israel. Furthermore, emergency conflict surcharges on container shipments have increased production costs for various garments, potentially reducing global brand confidence and order volumes. These combined pressures on both input supplies and export markets have prompted urgent government intervention to stabilize the sector.
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India Textiles Ministry Plans Duty Cuts and Supply Measures Amid War Disruptions
The Indian Textiles Ministry is implementing strategic measures to mitigate the impact of the ongoing West Asia conflict on the domestic textile industry. Key initiatives include proposing customs duty cuts on critical man-made fibre inputs such as cotton, rayon pulp, and wood pulp. The ministry has also requested a deferment in anti-dumping duty investigations for elastomeric fibre and viscose rayon filament yarn to alleviate supply constraints. Additionally, officials plan to request priority status for the sector regarding natural gas supplies from the Ministry of Petroleum and Natural Gas. The war has significantly disrupted the availability and pricing of poly-ethylene terephthalate (PET), a crucial component for polyester production. Industry representatives highlight that approximately 11% of India’s apparel exports, valued at $1.8 billion, are directed to war-affected regions like the UAE, Saudi Arabia, and Israel. Furthermore, emergency conflict surcharges on container shipments have increased production costs for various garments, potentially reducing global brand confidence and order volumes. These combined pressures on both input supplies and export markets have prompted urgent government intervention to stabilize the sector.
The Indian Express