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Government promises to protect domestic industry from cheap Chinese good flooding the market

Friday, 8 August 2014 - 5:00pm IST | Place: New Delhi | Agency: PTI

Government today promised all steps to protect domestic industry after concern was raised in the Lok Sabha over flooding of cheap Chinese goods in the market through third countries.
Commerce and Industry Minister Nirmala Sitharaman told Lok Sabha that government has taken various measures to check cheap imports and dumping.
Responding to queries on cheaper Chinese products coming into India from other countries, the Minister said many goods are coming through that way.
"This is a larger issue on which the Ministry is certainly working," she said during Question Hour.
Noting that the government is seized of the matter, she said, "I would not say comprehensively work has been already done. We will certainly initiate every process which is required.
"I am certainly aware that not just in bicycles but in many other products too such a thing is happening. We are certainly working on understanding how best we can countervail these sort of things," she said.
Responding t   o a query on Chinese bicycles being imported into India, she said such imports are showing downward trend.
"The import of bicycles has gone down from Rs 265 crore in 2011-12 to Rs 68 crore in 2013-14, thereby registering a decline of 74 per cent in the last three years," she said.
Meanwhile, the Directorate General of Anti-Dumping and Allied-Duties (DGAD) has initiated investigations into 690 cases as on August 6, 2014, "involving 302 products from various countries since 1992," Sitharaman said.
"Out of these, 166 products involve imports from China.
The Chinese products in respect of which anti-dumping duty has been imposed, fall in the product groups of chemicals and petrochemicals, pharmaceuticals, products of steel and other metals, fibres and yarns and consumer goods," she said.

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