The Confederation of Indian Textile Industry (CITI) heartily welcomes the rescinding of the Quality Control Orders (QCOs) on Polyester Fibre and Polyester Yarn, as this pro-growth measure will hugely benefit the country’s textile and apparel sector.
“The rescinding of the Quality Control Orders (QCOs) on Polyester Fibre and Polyester Yarn comes as a great relief, as it has been a long-awaited demand of all the user industries,” CITI Chairman Shri Ashwin Chandran said.
“Polyester fibre and polyester yarn form most of the man-made fibre (MMF) products, and hence, this measure by the authorities will contribute to the growth of the MMF segment in India,” Shri Chandran added.
Shri Chandran said the removal of these QCOs will improve the cost competitiveness of Indian textile and apparel products by making it easier to obtain raw materials at internationally competitive prices. “Coupled with the Export Package announced on November 12, the rescinding of these QCOs will act as a huge confidence-booster for the textile and apparel sector,” the CITI Chairman pointed out.
Although the global textile and apparel arena is dominated by MMF, it is the other way around in India, where cotton dominates. Shri Chandran said that given the government’s steadfast commitment to the growth of the textile and apparel sector, it could be helpful if authorities could also consider providing similar relief on the QCO front for viscose fibre and other cellulosic raw materials. India aims to create $350 billion textile and apparel industry by 2030, with exports contributing $100 billion.
The Confederation of Indian Textile Industry (CITI) heartily welcomes the rescinding of the Quality Control Orders (QCOs) on Polyester Fibre and Polyester Yarn, as this pro-growth measure will hugely benefit the country’s textile and apparel sector.
