The domestic industry is worried that the shrinking world demand could make India a dumping ground of cheap Chinese products. “The threat of dumping of cheap Chinese products in India is real and serious,” new president of the Confederation of Indian Industry (CII) Venu Srinivasan said.
Srinivasan said there are huge excess capacities in China. “There is no transparency in accounting and pricing of export products in China. The threat from China is a serious and a sinister threat because it is not transparent. There is an urgent need, therefore, to strengthen the anti-dumping mechanism,” he said.
He said there was substantial and strong evidence to impose anti-dumping duties on products.