Chemical Sector:
China’s anti-dumping policy on chemicals has been a source of concern for the Indian chemical industry for some time. The policy, which was implemented in 2018, imposes duties on imports of certain chemicals from China. These duties have made it more difficult for Indian chemical companies to compete with their Chinese counterparts.
The Chinese chemical industry is currently working at reduced capacity due to the COVID-19 pandemic. However, it is expected that production will start to increase in the coming months. This could lead to an increase in exports of Chinese chemicals to India, and put further pressure on the Indian chemical industry.
The Indian government has been taking steps to support the chemical industry. In recent months, the government has announced a number of measures, including financial assistance and tax breaks. However, it remains to be seen whether these measures will be enough to offset the impact of China’s anti-dumping policy.
The chemical sector is a key sector of the Indian economy. The sector employs millions of people and contributes billions of dollars to the Indian GDP. The government must take all necessary steps to protect the chemical sector from the impact of China’s anti-dumping policy.
In addition to the measures that the government has already announced, the government should also consider imposing anti-dumping duties on imports of certain chemicals from China. This would help to level the playing field for Indian chemical companies. The government should also work with the Indian chemical industry to develop strategies to reduce the industry’s reliance on imports from China.
The Indian chemical industry is facing a number of challenges. However, the industry has the potential to grow and become a major player in the global chemical market. The government must support the industry in order to help it achieve its full potential.
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