Govt takes number of steps to curb textile imports: Minister of State of Textiles

India's textile and apparel exports stood at US$ 22.9 billion in April-Oct 2018

The Minister of State of Textiles, Ajay Tamta informed the Lok Sabha that government has taken number of steps to curb imports and promote domestic manufacturing, while carried out an import analysis of textile and apparel imports.

Government raised the basic customs duty (BCD) from 10% to 20% on:

* 298 man-made fabric (MMF) fabric lines w.e.f. 27 October 2017

* 5 Silk fabric lines w.e.f. 2 February 2018

* 504 lines w.e.f. 16 July 2018:

- 22 Fabric lines

- 383 Apparel lines

- 75 Carpet lines

- 9 Made-ups and

- 15 other lines

Further, Government has imposed antidumping duty on import of linen yarn from China and nylon filament yarn from Vietnam and EU w.e.f. 19 October 2018 and 6 October 2018 respectively.

As per India Ratings and Research Agency (Ind-Ra), the outlook for cotton and synthetic textiles is expected to remain stable for the year 2019. This is in view of stable cotton prices and improved consumer spending outlook in key user countries.

During April-October, 2018, rupee has depreciated by 6.7% to 68.8 Rs/US$ (average) as compared to 64.5 Rs/US$ (average) during April-October, 2017. During April-October, 2018, India's textile and apparel exports stood at US$ 22.9 billion as compared to US$ 22.3 billion during same period last year.

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