There is a huge jump in India’s imports of viscose yarn compared to the previous year. This is hurting domestic yarn manufacturing spinning mills. Domestic spinners want to be able to buy viscose fiber at international prices and protection from low-priced yarn imports.
The main reason for the increase in viscose yarn imports is the lower material cost for Chinese and Indonesian spinning mills, from where most of the imported yarn is originating. In recent years, demand and use of viscose products has increased in the Indian textile industry, as the sector is slowly and gradually moving toward making more blended products both for domestic and export markets in line with changing fashion trends. Viscose products (including fiber, yarn, and fabric) are playing a major role in the growth of the overall textile manufacturing sector, within both the manmade fiber and the blended product space. Due to this growing momentum in viscose use, several new capacities have been added in the viscose segment with considerable investments, creating a lot of job opportunities across India. Even new technologies like air jet spinning have been introduced in the domestic viscose spinning segment.
Viscose use remains below one-tenth of cotton consumption or production in India.
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