Stricter Vigil On Flow Of Cheap Imports

New Delhi: The government has set up a taskforce to keep a close watch on attempts by other countries to dump goods at predatory prices to exploit the Indian market, following the hike in tariffs announced by the Donald Trump administration which makes it difficult to export to the US.

“A new world order is developing with tariffs and retaliatory tariffs announced almost in real-time. Exports to the US may be re-directed towards us, so we need to be vigilant against dumping and predatory pricing which may happen in the next few months. A task force under the Ministry of Commerce had been set-up to closely monitor the situation,” said Deepak Mishra, Joint Secretary, Petrochemicals, Department of Chemicals and Petrochemicals.

Addressing the 'India Speciality Chemicals Conclave' organised here by Assocham, Mishra also said that India’s chemicals sector “may benefit from this development.”