India initiating steps to curb dumping of aluminium products

India initiating steps to curb dumping of aluminium products

To safeguard the interests of domestic aluminium industry, the government may soon take some steps including imposing of anti-dumping duties or minimum import price in wake of rising imports of downstream aluminium products in the country. “Aluminium industry has faced a lot of stress in the last one year. I believe aluminium has huge potential in India. Our neighbouring countries are giving 13 per cent subsidy to downstream aluminium products and helping them to dump those in India,” Power, Coal and Mines Minister Piyush Goyal said on Friday.

“I have had conversation with the aluminium industry. I found the imports of downstream products in India has gone up, which impacts both the primary manufacturers and the entire industry.

“So, if we can stop the indiscriminate (dump) imports of downstream products then we would be able to give leg up to all small and medium enterprises involved in downstream industry, which will give resurgent to entire sector,” he said this at an industry event here. Read More…

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