Aluminum Manufacturer Seek Import Responsibility Hike Along Of Budget
Industry Business Bodies like the metal Association of India (AAI) and FICCI have au fait the govt that the metal sector of the country goes through a difficult section and is beneath Brobdingnagian threat by rising imports, declining domestic market share, rising production and provision prices. Noting that Aluminum Importance is next thereto of steel, however, policy measures area unit being developed and introduced to shield the domestic industry within the last 3 years, he said. The metal business continues to suffer thanks to the shortage of such measures, same Sharma, additionally a vigorous member of the AAI. The government support has resulted in an exceeding drop of steel imports by 21% in the last 3 years, he said. In distinction, a scarcity of comparable policy support pushed the metal business to post highest ever metal import of 23 Lakh tonnes in FY19, f58% of India's demand.