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Industry projects a series of severe consequences should the duty be implemented:
Massive Job Losses: Especially concentrated in the MSME segment across the MMF value chain.
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Erosion of Competitiveness: Higher production costs will severely reduce export competitiveness and increase reliance on imported fabrics and garments.
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Investment Delays: The ADD threatens to delay over ₹20,000 crore in planned investments, including critical projects under the Production Linked Incentive (PLI) scheme.
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Consumer Impact: The benefits of the recent GST cut will be nullified by the production cost surge.
Market Concentration: The duty will only benefit one large MEG producers at the direct expense of lakhs of MSME units and their workforce.
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CREDITS: This piece of info is taken from NORTHERN INDIA TEXTILE MILLS’ ASSOCIATION, PHD HOUSE, SECTOR -31/A, CHANDIGARH Official PR and has not been edited and reviewed by us.
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