Congress gift to Reliance: RIL sole beneficiary of anti-dumping duty on PTA  

April 9, 2014

Ignoring plea from domestic users, the Congress-ruled regime has quietly imposed anti-dumping duty on PTA just a week before elections. The sole beneficiary of the duty is Reliance Industries, alleges industry chambers

Moneylife Digital Team

Just a week before the election, the Indian government has \'quietly\' imposed anti-dumping duty on imports of purified terephthalic acid (PTA), a raw material used in producing polyester filament yarn. However, several industry association has alleged that the sole beneficiary of this move is none other than Reliance Industries Ltd. Future growth for PTA is predicted to be extremely high, with demand increasing by about 20% per year.

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