India's Man-Made Fiber Industry Has Been Valued.

Artificial fibers in India industry It has never been recognized in India's textile market. Natural fiber cotton has become the cornerstone of India's textile industry.

The consumption of India textiles is heavily inclined to cotton textiles, which is contrary to the current global market trend, and the global artificial fiber textiles occupy a large share in the total textile market. The main reason is that the cotton mission has made it possible to achieve higher cotton production and weather conditions.

According to statistics, in the $70 billion India textile industry, cotton The consumption ratio of man-made fibres is 60:40, while the global consumption ratio is 40:60.

The draft national fiber policy mentioned artificial The consumption tax on textile and man-made fiber textile expropriation is reduced, which will have a positive impact on the utilization of man-made fibers.

Again, the Ministry of textiles has announced that after that, the demand for man-made fiber based textiles may be even higher. Therefore, special attention should be paid to these fibers, in order to increase the utilization and production of artificial fibers in India.

Yesterday, the South India factory Association (SIMA) applied for cancelling the artificial. fibre The 5% of the import tax and 4% of the special additional tax, the central consumption tax should also be reduced from 10% to 4%, so that garment manufacturers can afford to provide the same level to other domestic man-made fiber factories.

The rapidly growing textile sector is also expected to promote the consumption of man-made fibres in India. Moreover, the limitations of the land may impede the growth of cotton planting in the future.