Indian aluminium industry: Is the fight for higher import duties justified
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Update time : 2024-12-11 18:03:38
The Indian aluminium industry has been encountering challenges in recent times, principally due to the surge in competitively priced imports from countries like China. The industry has been advocating for higher import duties to level the playing field and protect domestic producers.
India's aluminium production has steadily increased over the years, with the country producing around 4.1 million tonnes of aluminium in FY2022-23. However, despite this growth, the industry has been struggling to compete with cheap imports. In FY2022-23, India imported around 1.4 million tonnes of aluminium, with China being the largest supplier, accounting for over 40 per cent of the total imports.
