'No overcapacity' in steel, textiles sectors: Amitabh Kumar, Additional Secretary DGTR, Commerce
New Delhi, June 10 -- The narrative of "overcapacity" in sectors like textiles and steel is not justified in India's case, said Amitabh Kumar, Additional Secretary and Director General Trade Remedies (AS&DG) on Wednessday.
While addressing a media briefing, Kumar stressed that India's per capita consumption of textile products remains very low, particularly in man-made fibre and technical textiles, arguing that claims of overcapacity are unfounded. He noted that India's hot and tropical climate results in greater use of cotton garments, which face higher wear and tear, sustaining demand and leaving little room for concerns about excess capacity.
"Our per capita consumption of all kinds of textile products is abysmal, particularly in man...
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