Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Indian companies warn against rise in dumping activities

India is increasingly becoming a dumping ground for countries like China. After a panel of industrialists raised their voice against it during a meeting with the PM Narendra Modi, industry associations too have warned the government saying if not checked in time, domestic industry would be extinct.

Experts claim as much as 60 per cent of dumping happens from China, and as per unofficial estimates, the size of this trade varies between 20 and 40 per cent. Chairman for Policy, Apparel Export Promotion Council Premal Udani, said that if the dumping activities continue without getting checked in time the domestic textile industry will be extinct over the next few years. He added that China, facing over capacity situation, has for long been dumping their fabrics and ready-made garments in the Indian market through Bangladesh, Nepal, Vietnam and even Cambodia.

He appealed to the government to ensure that Indian borders are better policed, and the customs officials undertake vigorous inspection of the country-of-origin of goods being shipped in, while engaging in better terms of trade with the neighbouring countries. He pointed out that China uses tactics like sending shipments via countries like Hong Kong, Vietnam, Bangladesh and Cambodia to avoid customs inspections. Even companies such as Birla Cellulose, Century, and other textile mills have expressed concerns over the rise in dumping.

www.aepcindia.com

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo