'Make In India' Policy To Destroy Local Textile Industry

‘Make In India’ Policy To Destroy Local Textile Industry

Demand to remove anti-dumping duty on yarn is being raised from various circles including Federation of Surat Textile Traders Association (FOSTTA), Malegaon Industries and Manufacturers Association (MIMA), Bhiwandi Powerloom Federation and other organisations working for the industry.

Hyderabad MP and All India Majlis-e-Ittehadul Muslimeen (AIMIM) president, Asaduddin Owaisi making a strong appeal to the government to remove anti-dumping duty on synthetic yarn said that the government’s ‘Make in India’ policy is proving disastrous for the local textile industry.

“The government’s Make in India policy is helping just a handful of corporate. It is destroying the local textile industry,” Owaisi said.

Distressed people in Malegaon, Bhiwandi, Surat, Sholapur and other textile centers are looking at them with hope and anticipation. The government should without further delay remove the anti-dumping duty on the synthetic yarn imported from China.

“There are about 2.5 million power looms in India providing livelihood to more than 6.3 million people. Textile sector is largest after agriculture. But today the sector is struggling because of government’s disastrous policy,” he added.

The textile industry in India is in recession mode since two years now. Those associated with the industry said that they had not seen such a situation in last 30 years. The government should remove the anti-dumping duty on yarn, and instead impose a duty on import of fabrics coming from China, Pakistan, Bangladesh and Sri Lanka as the local manufacturers cannot compete with them because they are forced to buy expensive yarn due to the anti-dumping duty.