Imagen de avatar PET Injection Molding Machine Factory
zdinequods

It was further demanded that the custom

Any increase in custom duty will affect the agriculture sector due to high use of PVC pipes and fittings. Custom duty of Polypropylene and Polyethylene should be retained at 7. This would avoid unnecessary compliance burden on the raw material suppliers and at the same time ensure import of safe and quality material,” said Mr Mehta. It also demanded that The Directorate General of Trade Remedies should recommended anti-dumping duty on plastics finished goods originating in or imported from 3 major dumpers including China for a period of at least five years.75 Lakhs crore annually. He also expected that the Central Government should engage strongly with the industry to ideate and implement impactful policy solutions for higher growth. However, it is under severe strain due to cheap imports from China and other south Asian countries. Industry demanded government to immediately roll back the increase of insurance premium as this is detrimental to the efforts to help the MSMEs for increasing their market share and increase their contribution in the GDP.

However, exports from India to these countries have marginally grown leading to huge trade imbalance. It has resulted in massive import of finished goods from FTA countries into India at zero or concessional duty badly affecting competitiveness of Indian plastics processing industry. Industry demanded that the Delta of minimum 10% should be maintained between custom duty of raw material and plastics finished goods. It was further demanded that the custom duty on SAN and ABS should be brought to 5% to nurture associated industries growth,” he said.Industry demanded that both BIS and international standards should be considered at par. If increased, it would have adverse effect on automotive, healthcare segments high speed injection molding machine and would lead to cost increases in the value chain. Jagat Killawala, President of The All India Plastics Manufacturers Association said that the Plastic Industry is one of the major contributors to the Indian economy and is expected to play a key role in India becoming US $5 Trillion Economy.

The Meet was attended by more than 70 participants representing 31 industry associations from across the country; industry leaders and other key stakeholders. He further highlighted the need for Government to come out with clear plans and strategy on various fronts in order to spur the much needed growth. The industry body has demanded restructuring of Custom Duties, Anti Dumping Duty on import of cheap finished products, review of Foreign Trade Agreements, enforcement of mandatory BIS standards and technology up gradation fund for the industry among others.The plastics processing industry comprises of over 50,000 Micro and small units employing around 50 lakhs people.Therefore, Industry demanded that all existing FTA’s be reviewed and Polymers and Products made of Polymers shall be excluded from all FTAs. Industry felt that this move would put small enterprises to disadvantage and allowing imports of semi-finished and finished products, which are made from very raw materials which are being denied entry by imposing non-tariff barrier to trade (NTBT), would not be in the best interest of the nation.

Tags:

Deja un comentario