NALCO asked for import duty on Chinese Aluminium

NALCOPublic sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.

NALCO's chairman, C. R. Pradhan, said, "They may fix it at 10 percent, 15 percent or they may fix it higher. A 10-15 percent duty at present scenario will protect the prices
(from falling)."

Meanwhile, Trade Secretary G. K. Pillai said that government is closely watching the scenario and do all possible efforts for the safeguard of domestic industry. Mr. Pillai said, "We have already investigated. Safeguard duty will be imposed."

His statement assumes significance as China expressed reservation over the matter and said that it would affect business ties between two countries. India has already banned Chinese toys last month, under the influence of local toy manufacturers.

Expressing concerns over dumping additional articles to India, trade secretary said, "China is a non-market economy. They have created huge capacities in their country"

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