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India needs to strengthen its anti-dumping mechanism - DIPP Secretary

Updated: Aug 20, 2015 02:20:22pm
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Mumbai, Aug 20 (KNN) India needs to strengthen its anti-dumping mechanism and take care of its primary sectors such as steel so that it is able to tackle this large capacity of China which will be looking for markets like India, said Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant.

"China has created a huge amount of capacity. India needs to lay down standards, it needs to have very strong safeguards, it needs to strengthen its anti-dumping mechanism," he said while replying to queries about the impact of Yuan devaluation on the Indian manufacturing and exports.

"India needs to take care of its primary sectors such as steel so that it is able to tackle this large capacity of China which will be looking for markets like India. Therefore, India needs to prepare itself for that to protect its industries," Kant said here on the sidelines of the SBI Conclave. (KNN Bureau)

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