India’s prime textile hubs—Ludhiana, Surat, and Erode—have reported their struggle with the escalating influx of imports in man-made fibre (MMF) fabrics. This surge, coupled with extensive dumping of these fabrics, has cast a shadow on the US $ 60 billion industry. The increasing imports of MMF fabric and the augmented domestic fibre prices have dealt a severe blow to local spinners, knitters, weavers, and processors, impeding their ability to compete on pricing. Specifically, knitted or crocheted dyed synthetic fibre fabrics marked a strikingly low value. The adverse impact of rising MMF fabric imports and elevated domestic fibre prices has crippled the local industry, resulting in manufacturers operating at only 70 per cent capacity, affecting both local and export-oriented endeavours.

Source: The Hindu December 29, 2023 17:43 UTC