Fashion
India’s textile sector to gain from petrochemical duty easing
The relief covers a wide basket of chemicals, polymers, and intermediates used in fibre production and textile processing, with concessional duty rates expected to lower the effective cost of key inputs. This is particularly significant as upstream feedstocks such as PTA, MEG, and polyester melt have remained volatile due to crude-linked movements.
Sanjay K Jain, chairman of the ICC National Textile Committee told Fibre*Fashion, “The decision would create a positive sentiment. Both pricing and availability should improve for the industry.” He noted that the trickle-down impact would be visible across textiles as many of these inputs are core raw materials.