Chennai - The government is evaluating the implementation of minimum import price (MIP) on select textile products following a significant surge in imports that has impacted domestic manufacturers.
The Textiles Ministry’s current assessment focuses on six key products, including viscose rayon yarn and woven fabric of polyester, with China being a primary source of these imports.
Recent data indicates substantial growth in textile imports during April-August of the current fiscal year. Flax imports witnessed a 78.7 per cent year-on-year increase, while viscose rayon yarn imports rose by 10 per . . .
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