The Federation of All Textile Trading Manufacturing Associations of Ludhiana called a meeting last week in Ludhiana to discuss the problem. Industry representatives decided to demand an MIP of $2.71 per kg on fabric imports from China. Traders argued that China is dumping fabric at very low prices. They alleged that fabric is being imported at under-invoiced prices, which can only be controlled through the implementation of a minimum import price.
Tarun Jain Baba, an office bearer, told the media that they have raised the matter before the government during meetings with officials of the ministry of textiles. Indian textile mills are being forced to reduce their production by up to 50 per cent of their installed capacity. Businessmen allege that cheaper fabric is being imported through manipulation of the HSN code.
The industry organisations have said that if the government does not accept their demands, all manufacturing units involved in spinning, weaving, knitting, dyeing, and printing will suspend their production.
ALCHEMPro News Desk (KUL)
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