Dumping will be refrained but maintaining price level for MSMEs is important: FM Sitharaman

New Delhi, Feb 7 (KNN) Dumping is not what we want but maintaining affordable prices for micro, small and medium enterprises (MSMEs) is essential, Finance Minister Nirmala Sitharaman said.

She was addressing a post budget discussion organised by industry body Assocham.

She said there is a policy dilemma in the Ministry about signals against dumping of ferrous and non-ferrous metals into India as it has to consider the demands from several verticals of industry and how the competition is between giant metal producers and low-cost imports and the need for MSMEs to have access to affordable raw materials.

About textile she said, technical textile was an area where India could do a lot more to capture the global market and has assured that for easy access to credit she will have a word with the banks.

She further said that the government will resolve the issues and challenges in the power sector step by step.  

“More coordination is needed between Centre and states and other stakeholders as the financial troubles has been the major concern of policy makers,” stated Sitharaman.

And to meet the target set by India with regards to sustainability and climate change, the government was working on quickly resolving the legacy fiscal stress among power distribution utilities, she said. (KNN Bureau)