Impact of Chinese products on cycle industry to be assessed
Going ahead with its plan, the officials of National Small Industries Corporation (NSIC) will soon start assessing the impact of Chinese imports on Indian bicycle industry.punjab Updated: Sep 16, 2013 19:42 IST
Going ahead with its plan, the officials of National Small Industries Corporation (NSIC) will soon start assessing the impact of Chinese imports on Indian bicycle industry.
The NSIC has called a meeting of representatives of cycle industry at the office of United Cycle and Parts Manufacturers Association (UCPMA) on Wednesday to discuss the issue.
Deputy general manager, NSIC, Rajesh Jain has asked UCPMA president Charanjit Singh Vishivkarma to inform the members of association about the meeting, so that feedback could be gathered from all those concerned .
The NSIC, as directed by ministry of micro, small and medium enterprises (MSME), has hired the services of a New Delhi-based firm, Centre for Market Research and Social Development, for conducting the study.
Jain said that as per the directions from the central government, the survey would concentrate on knowing the factors which were leading to popularity of Chinese products.
The survey will also assess the actual impact in terms of loss in sales of bicycles and their parts manufactured in India. For this purpose data will be collected from industry people about the losses they have suffered in the past few years on account of imports from China.
The exercise is being done after repeated requests from city-based cycle and parts manufacturing industry to impose anti-dumping duty on cycle and parts to protect the local industry. The industry people had for a long time been complaining that import of cycles and parts from China was hurting the industry badly.
Vishivkarma said that association has written to industry people to come and attend the meet so that actual picture with regard to impact of imports from China could be gauged and government could be pressed for imposing anti-dumping duty on them.
The imports of cycles and parts from China are considered to have gulped a major share in the market, thereby hitting the local parts manufacturing industry badly.
Even big bicycle brands have started opting for Chinese parts, a major worry for the local parts manufacturers. The issue had also dominated the UCPMA polls held on Saturday with Vishivkarma having made this a main issue in his election campaign.
First Published: Sep 16, 2013 19:41 IST