AHMEDABAD: Industry associations must be consulted before
imposing anti-dumping duty
on dye intermediates from other countries, the Associated Chamber of Commerce and Industry (Assocham) suggested in its report titled “Resilient and Sustainable
Gujarat
: Suggestions and Inputs on Routing Industries Back to Recovery Post Covid Second Wave”.
Stating that India depends on China for import of raw materials used in the manufacture of dyes and dye intermediates, the report adds that many manufacturers of intermediates have formed a cartel and are insisting on imposing
anti-dumping duty
on imports of raw materials from other countries so they can increase the rates of the same raw materials manufactured in India.
According to Assocham, this results in an increase in the price of finished products due to which the industry faces difficulty in competing in the national and international markets.
“Therefore, anti-dumping duty must not be imposed on intermediates imported from foreign countries without consultation with the respective industry associations,” Assocham said in the report, which was released by the chief minister, Vijay Rupani, a couple of days ago.
Gujarat is a leading producer of dye and dye intermediates. The state accounts for almost 75% of dyes and dye intermediates exported from India.
The exports of dyes from the country increased by 33% to $247 million (Rs 1,803 crore) in July 2021 from $185 million (Rs 1,350 crore) in the same month last year, shows data compiled by Basic Chemicals, Cosmetics & Dyes Export Promotion Council (Chemexcil).
Start a Conversation
Post comment