{"id":48717,"date":"2026-04-07T13:37:28","date_gmt":"2026-04-07T08:07:28","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/04\/07\/ongoing-conflict-in-west-asia-a-matter-of-serious-concern-for-mmf-exporters-shri-shaleen-toshniwal-chairman-matexil\/"},"modified":"2026-04-07T13:37:28","modified_gmt":"2026-04-07T08:07:28","slug":"ongoing-conflict-in-west-asia-a-matter-of-serious-concern-for-mmf-exporters-shri-shaleen-toshniwal-chairman-matexil","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/04\/07\/ongoing-conflict-in-west-asia-a-matter-of-serious-concern-for-mmf-exporters-shri-shaleen-toshniwal-chairman-matexil\/","title":{"rendered":"Ongoing Conflict in West Asia- A matter of serious concern for MMF exporters \u2013\u00a0 Shri\u00a0 Shaleen Toshniwal , Chairman, MATEXIL"},"content":{"rendered":"
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Shaleen Toshniwal, Chairman \u2013 MATEXIL<\/em><\/p>\n

Mumbai (Maharashtra) [India], April 06: <\/strong>Expressing deep concern over the escalating geopolitical tensions in West Asia, Shri\u00a0 Shaleen Toshniwal, Chairman, MATEXIL (Manmade and Technical Textiles Export Promotion Council), stated that the ongoing conflict involving the US, Israel, and Iran is severely impacting India\u2019s manmade fibre (MMF) and technical textiles exports.<\/p>\n

\u201cThe continuing conflict in West Asia is a matter of serious concern for exporters. The sharp rise in crude oil prices is directly impacting the cost of key raw materials such as manmade fibres, thereby putting immense pressure on the entire value chain,\u201d said Shri\u00a0 Toshniwal.<\/p>\n

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As of late March 2026, the polyester chain\u00a0 \u00a0\u2013 from the upstream to the downstream industry \u2013 is\u00a0 experiencing a severe\u00a0 price escalation, primarily driven by a massive spike in global crude oil prices following the escalation of conflicts in the Middle East (specifically involving strikes in Iran and the closure of the Strait of Hormuz) , pointed out Shri Toshniwal.<\/p>\n

\u201cWhile the prices of raw materials have gone up sharply,\u00a0 customers\u00a0are not in a position to absorb the full increase in costs. As a result, we are witnessing a \u2018wait and watch\u2019 approach, with many spinners and weavers holding on to inventories,\u201d pointed out Shri Toshniwal .<\/p>\n<\/div>\n<\/div>\n

Additionally, the steep increase in freight costs including War Risk Surcharge charged by the Shipping Companies, increase in insurance premiums\u00a0 and subdued demand in major markets\u00a0 due to inflationary pressures created by rising oil prices\u00a0 and cautious consumer spending have aggravated the problems faced by the exporters , according to the Chairman , MATEXIL.\u00a0<\/p>\n

According to Shri\u00a0 Toshniwal \u201ceven if the situation improves in the new future , it will take considerable time\u00a0 for the prices of manmade fibre\u00a0 raw-materials to stabilize and come back to the pre- February 28 level\u201d.<\/p>\n

While acknowledging that external factors are beyond control, Shri Toshniwal urged industry stakeholders to respond with maturity and cooperation to deal with this difficult\u00a0 situation and to avoid opportunistic\u00a0 pricing .<\/p>\n

Shri Shaleen Toshniwal thanked the Government\u00a0 for announcing various relief measures under the EPM ( Export Promotion Mission ).<\/p>\n

He also expressed his confidence\u00a0 that\u00a0 trade agreements signed by India with 38 countries will lead to greater market access and increase in exports in the days to come .<\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shaleen Toshniwal, Chairman \u2013 MATEXIL Mumbai (Maharashtra) [India], April 06: Expressing deep concern over the escalating geopolitical tensions in West Asia, Shri\u00a0 Shaleen Toshniwal, Chairman, MATEXIL (Manmade and Technical Textiles Export Promotion Council), stated that the ongoing conflict involving the US, Israel, and Iran is severely impacting India\u2019s manmade fibre (MMF) and technical textiles exports….<\/p>\n

Read More “Ongoing Conflict in West Asia- A matter of serious concern for MMF exporters \u2013\u00a0 Shri\u00a0 Shaleen Toshniwal , Chairman, MATEXIL”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":48718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-48717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/48717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=48717"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/48717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/48718"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=48717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=48717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=48717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}