Search Result for : Chinese Imports

By Abin Daya Change is an unavoidable part of life - and of doing business. One of the biggest changes to the way we do business happened last Friday, with the rolling out of the GST. Yes, there will be disruptions in the short term and the cost of compliance will go up. Also, many small businesses will lose the tax arbitrage that enabled them to price below that of the larger companies. It will also increase the financing cost of business, particularly for those engaged in foreign trade. Speaking of financing, even that is not going to be easy. While credit growth is down because of low credit demand driven by the leveraged position of corporates combined with muted demand, even where businesses ...

The Dollar Business Bureau Due to an increase in dumping from China, India’s monthly imports of truck and bus radial tyres (TBR) recorded new highs averaging 1.2 lakh units in 2016-17. This has prompted the Automotive Tyre Manufacturers Association (ATMA) to reiterate its demands to DGAD seeking an early imposition of anti-dumping duty on the imports of TBR from China. Seeking an early redressal to help the domestic industry ATMA revealed the alarming figures that have been spiralling in the last few years. In its statement to the government, it said that the monthly numbers have now touched an average of 1.2 lakhs units in FY17 from a mere 40,000 in FY14. Imported tyres account for 40% of the replacement demand for ...

Sairaj Iyer If results posted by Powergrid corporation are analysed, the country’s premiere power grid ‘central transmission utility (CTU), felt no impact due to demonetization that began on November 8, 2016. On the contrary, the ‘CTU’ has posted a 20% increase in net-profit for Q3 (Oct-Dec 2016) for Rs. 1,930 crore as against Rs. 1,606 crore (Q3 Oct-Dec 2015). At a press conference in Mumbai, IS Jha, the Chairman and Managing Director, appraised the results, highlighting the corporation stock’s financials, performance, and meeting of growth targets. He agreed there could be concerns in the public that demonetization-linked receivables could have impacted the cash-flow for monthly payments. He explained, “I maintain that our customers are nice to us, and are offering timely ...

Sourced from Press Information Bureau  Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from cheap Chinese products and it is evident from the high growth of India’s imports from China. As per information compiled from the data provided by Director General of Commercial Intelligence & Statistics, imports in respect of 11 major product groups, largely manufactured by MSMEs in India, have grown from China at a higher rate than their respective imports from all countries combined during 2012-13 to 2015-16. As these 11 product groups accounted for 74% of India’s total imports from China in 2015-16, a significant proportion of Indian MSMEs seem to be adversely affected from Chinese imports as compared to the rest of the World. These ...

 The Dollar Business Bureau Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres into India   Facing a tough fight from cheap imported products, Indian tyre industry has urged the Commerce Ministry to put strict restrictions on tyres shipped into the country by Chinese suppliers at lower rates. Terming import of radial tyres from China as “indiscriminate”, an industry body said that the prices of imported products are 25% lower than locally-produced brands. The high-capacity radial tyres mainly used in heavy vehicles are the mainstay of the industry accounting for 55% in volume and value terms. Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres ...

The Dollar Business Bureau The cheap Chinese imports of tyres have resulted in burning rubber in the Indian tyre industry. The large inundation of imported tyre during the last 12 months have caused the Indian companies a lot of heat burn in the truck, bus and car radical replacement market. Sources in the tyre industry revealed that, already imported tyres consists a lurching 20% of the car and 25% of the truck radial replacement market which makes the import segment market leaders benefit a lot instead of biggies like JK Tyre, Apollo, MRF or Ceat. However the tyre dealers says that the imports of these tyres would meet the local quality standards, and are duly certified by the BIS and are way ...

 Sai Nikesh | The Dollar Business The domestic steel producers of India on Monday urged the Government of India to strongly act against the growing imports of steel into the country. The steel producers urged the Government of India to increase import duties or implement anti-dumping policies, in order to curb the growing steel imports. The domestic steel producers are of the view that they will have surplus demand in view of the growing infrastructure projects. In this regard, they don’t want their production left behind and so they are urging the government to place curb on growing steel imports. According to earlier reports, the domestic companies had decreased their costs below their production values, due to the cheap ...