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Chinese Products
Tariffs up to 100% on key items from China take effect today
Increasing imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. "China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He said that these imports from China are "hurting" Indian MSMEs, as many of the imported products are also made by these local businesses. He noted that the cheaper Chinese goods make it tough for MSMEs to compete, leading to struggles for survival. "
An industry expert pointed out that Chinese companies typically resort to predatory pricing whenever API production increases in India
Move to help firms investing in sectors covered by PLI schemes
India on Thursday imposed anti-dumping duties on three Chinese products including hydraulic rock breaker with an aim to protect domestic players from cheap imports. These duties were imposed following a recommendation by the commerce ministry's directorate general of trade remedies (DGTR), which has concluded in its probe that dumping of these goods are impacting domestic industry. The DGTR held investigations after complaints were filed by domestic players on the dumping of these goods. The department of revenue has notified these duties in three separate notifications. On hydraulic rock breakers, the duty ranged between 4.55 per cent and 162.5 per cent of CIF (cost, insurance, freight) value in US dollars. The duty was also imposed on these goods coming from Korea. These breakers are used in the construction and mining industry for carrying out demolition, excavation, mining and boulder breaking activities. "The anti-dumping duty imposed (on these breakers) ...shall be effectiv
OnePlus, Tecno, and Oppo are all working on their own versions of the foldable smartphone
The commerce ministry's investigation arm DGTR has initiated a probe to review the need to continue the anti-dumping duty on flax yarn imported from China, following complaints from the domestic industry. Grasim Industries Ltd and Sintex Industries have filed an application before the Directorate General of Trade Remedies (DGTR) for initiation of the sunset review of the anti-dumping duty imposed on imports of 'flax yarn of below 70 lea count' exported from China to India. Lea is a unit for measuring the length of yarn. Normally it is taken as 80 yards for wool, 120 yards for cotton and silk, and 300 yards for linen. Flax yarn is used to make flax fabrics, which is used in apparel and home textiles. DGTR in a notification has said prima facie there is an evidence of dumping of the product from China in spite of the existing anti-dumping duties. On the basis of the duly substantiated application of the applicants and "having satisfied itself, on the basis of the prima facie evidenc
Punjab Cabinet minister Gurmeet Singh Meet Hayer on Tuesday said the state government has asked all deputy commissioners to take exemplary action against those selling Chinese kite flying string. Hayer said a 13-year-old boy died after the Chinese string of a kite got entangled around his neck in Rupnagar district on Sunday Chief Minister Bhagwant Mann has taken a serious notice of this extremely unfortunate incident and has ordered strict action against such people who put human lives at risk. In a statement, he said children, elderly and animals have suffered in the past too due to Chinese string. He said there is a blanket ban on selling and using Chinese string in the state and there is not even a single manufacturing unit in the state, but some people bought these strings from other states. Those found involved in selling Chinese string will not be spared at any cost, he added.
Lives hang by a thread as the so-called Chinese manjha spares neither man nor animal, flying high on kite fliers' competitive spirit and traders' pursuit of profit
Is banning cheap Chinese phones a prudent move? Will bumper GST collections weaken states' case for compensation? Are large caps a better bet for investors? What is Bharat NCAP rating? Answers here
The govt is planning to revive the domestic mobile device industry, by reserving the sub-Rs 10,000 phone category for domestic players only. So what will be the impact of such a move? Let us find out
The Dimensity 1300 is a 6nm chip (from TSMC's foundries), it has four Cortex-A78 cores (one at 3.0GHz, three at 2.6GHz), four A55 cores (2.0GHz) and a Mali-G77 MC9 GPU
It has been almost two years since govt asked online platforms to ensure compliance to display this information
Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan
In breakdown, shipments of ear-worn devices in the Chinese market surged 55.4 per cent from 2020 to 78.98 million units, while that of watches rose 21.4 per cent to 39.56 million units
The commerce ministry has recommended imposition of anti-dumping duty for five years on a Chinese chemical used in dye and pharma industries
Post-pandemic, consumer purchasing behaviour has changed, swerving towards budget and mid-range segments
The survey was conducted across 204 districts of the country between November 10-15
Bringing a local or non-Chinese partner onboard opens up the possibility of legal recourse to have the ban diluted or revoked
Making the country an alternative export hub to China makes sense for the US giant but competition in the domestic market could be intense