The Indian government yesterday imposed a 21% duty on imports of aluminium flat-rolled products and a 35% duty on aluminium foils from China. While the duty has been imposed only till the 8th of October 2009, Indian aluminium makers like Hindalco and Nalco stand to gain from this move as it will protect them from dumping of Chinese aluminium in India. Imports from the country have in recent times threatened to cause damage to domestic aluminium industry and such a measure will go a long way in ensuring that bad shape in which the industry finds itself currently is to some extent alleviated.
Protecting Indian industry is a good thing to do. And given my personal experience with goods manufactured in China, I would say “Thank God!”. I am really tired of poor quality. I would rather pay a higher price for good quality Indian products that the shoddy stuff from China. That statement does sound strange. A couple of decades ago I would not have made such a statement. “Fooreen” (foreign) stuff was always priced above anything Indian industry could produce. But no longer.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Recent Coments