India’s MMF Textile Sector Urges Government to Reject Anti-Dumping Duty on MEG, cautions of Catastrophic Impact on India’s Man-Made Fibre Sector.
Part of developing story.
Core Concerns: Exorbitant Cost Hike and Industry Paralysis
Industry’s primary concern centers on the massive cost escalation the ADD would trigger. MEG is a key input for polyester staple fibre (PSF), yarn, filament, fabrics, and garments.
"The proposed Anti-Dumping Duty is estimated to raise MEG costs further by approximately 20%, this hike will practically force MMF units across India to shut down. The industry is in such a state of shock and panic that unit owners are ready to hand over the keys to their factories, as they cannot sustain this devastating blow."

