Indian producers of acrylic staple fiber are facing tough times. A global consulting firm, Ernst & Young recently carried out a study of the industry and has concluded that the industry has been hit hard by growing imports of ASF, as well as spun acrylic yarn (mainly coming from Nepal). India allows goods from Nepal a preferential tariff structure, and the agreement has been extended by three more months.
According to Ernst & Young, ASF has also lost its market share to polyester. ASF is selling at around Rs 62/kg in India, whereas PSF is at around …
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