DGFT Imposes MIP on Synthetic Knitted Fabrics, Revises Import Policy Conditions

DGFT imposed a Minimum Import Price (MIP) on synthetic knitted fabrics and revised import policy conditions. This measure aims to protect domestic manufacturers from cheap imports and promote local production. The imposition of MIP and revised conditions will likely impact the textile industry and trade dynamics. This policy change reflects the government's efforts to support the domestic textile sector and address concerns about unfair competition from imported goods. The revised import policy could lead to price adjustments and changes in the supply chain for synthetic knitted fabrics.