India’s textile sector is expected to see positive momentum following the government’s move to ease import duties on key petrochemical inputs.
This step is aimed at reducing production costs and ensuring smoother availability of essential raw materials used in textile manufacturing.
The duty relief applies to crucial components such as PTA, MEG, and other polymer-based inputs, which play a vital role in the production of polyester fibres. With lower input costs, textile manufacturers are likely to experience improved operational efficiency and better cost management.
This initiative comes at a time when global supply chains are facing disruptions and raw material prices remain volatile. By facilitating easier access to petrochemical inputs, the government is supporting the stability and growth of the domestic textile industry.
Industry experts believe that this measure will strengthen India’s position in the global textile market by enhancing competitiveness, especially in the man-made fibre segment. It is also expected to encourage higher production and support export growth in the coming months.