In response to complaints filed by key domestic players including Hindalco Industries and Shyam Sel & Power Ltd, India's Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into the import of aluminium foil from China. This move comes amidst allegations of unfair trade practices and dumping of the product into the Indian market.
The probe follows claims by the domestic industry of significant injury due to the influx of cheap aluminium foil imports from China. In its preliminary assessment, the DGTR has found prima facie evidence supporting the domestic industry's assertions of material harm caused by the dumped imports.
If proven, the investigation could result in the imposition of anti-dumping duties on Chinese aluminium foil imports. The final decision regarding the imposition of duties rests with the finance ministry, which will consider recommendations from the DGTR.
Anti-dumping measures are essential tools utilized by countries to safeguard domestic industries against unfair competition stemming from dumped imports. By imposing duties under the framework of the World Trade Organization (WTO), India aims to uphold fair trade practices and provide a level playing field for its domestic producers vis-a-vis foreign competitors.
This move underscores India's commitment to addressing the challenges posed by cheap imports, particularly from China, and protecting the interests of its domestic aluminium foil industry.