Chinese imports: Screw-makers seek Centre’s help

A delegation of the manufacturers from Punjab met Union Industry and Commerce Minister Piyush Goyal on Wednesday evening seeking his urgent intervention to check the massive losses being suffered by the industry due to unchecked imports of cheaper Chinese manufactured screws. Vishal Garg who led the delegation said that "Chinese manufacturers and exporters are dumping goods in India by adopting various malpractices like wrong classification underinvoicing etc causing a huge revenue loss besides imports also pose a major threat to the survival of Indian manufacturers who are into similar goods something needs to be done urgently to check this problem." The inferior goods which are about 25 to 30 cheaper than the locally made goods are freely coming to India. Mahajan, General Secretary of the Northern India Screw Manufacturer and Traders Association, said "For last several decades the entire screw consumption in the country was being fed only from China and there were no local manufacturers at all in last about five years hundreds of local businessmen in Punjab took huge risks and set up screw manufacturing units to take on China and were successful in doing so by making high precision products and fulfilling the local demand." Unfortunately now our industry is on the verge of closure as China has started dumping huge quantity of inferior quality of screws in Indian markets by using several malpractices in the past two years