The domestic textile industry has welcomed the Union government’s recent decision of imposing a minimum import price of $3.5 per kg on the five HS lines of MMF knitted fabrics. The move followed unprecedented surge in imports of these categories of MMF knitted fabrics, creating a havoc-like
In a bid to regulate imports and protect domestic manufacturers, the Central government has announced the imposition of a minimum import price on certain categories of synthetic knitted fabrics. The decision, made under the Foreign Trade (Development & Regulation) Act, 1992, and in accordance with the Foreign Trade Policy, 2023, aims to ensure a level […]