Category: Import

India’s manufacturing incentives progress amid efforts to cut China imports

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Incentives have resulted in production worth about Rs 11 trillion ($131.6 billion) and nearly one million jobs over four years. India’s cash incentives to boost domestic manufacturing have attracted over $17 billion of investment since 2020 launch of the production-linked scheme, a Government official said, amid efforts to reduce imports from China. The scheme, which […]

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India’s finished steel imports from China hit 7-year high in April-August, data shows:

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India’s finished steel imports from China reached a seven-year high in the first five months of the 2024/25 financial year, according to provisional Government data. Overall imports hit a six-year high at 3.7 million metric tons, driven by strong demand from infrastructure and automotive sectors. Domestic consumption also surged, while exports declined.  India’s overall finished […]

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Amid rising imports, domestic steel firms cut prices to protect market share

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The hot-rolled coil prices dipped to their lowest in the last four years to ₹47,100 per ton this month. Indian steel makers have dropped steel prices to protect their market share against rising imports. The hot-rolled coil prices dipped to their lowest in the last four years to ₹47,100 per ton this month after falling 5% compared […]

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