Aluminium industry says imports causing forex drain, urges PMO intervention

Aluminium Association of India says country is losing $4.5 bn in a scenario of growing trade deficit, domestic industry impacted

The Aluminium Association of India (AAI), which represents the entire spectrum of the domestic industry that manufactures and trades in the metal, on Tuesday apprised the Prime Minister Office (PMO) of its concerns over cheap aluminium imports. The association says inward shipments of the metal are not just hurting the domestic industry but are also creating a foreign exchange outgo of about $4.5 billion, in a scenario of growing trade deficit. 

“We have made representations to the Finance Ministry, the Ministry of Mines and now to the PMO. They have accepted the letter and are also agreeing that there is injury