Chinese companies are threatening the survival of not just power equipment industry in the country, but also manufacturers of insulators for transmission systems who claim that a fifth of their market has already been usurped by subsidised products from across the border. The commerce department is working on a proposal for imposing higher duties on insulators - currently at a low 7.5% - to give a breather to local players such as the Aditya Birla group and public sector Bhel. "Representatives of power insulator manufacturing companies have approached us with details of Chinese products taking over the domestic market. We are studying the matter and may recommend higher import duties soon," a commerce department official told ET.
Source: Economic Times
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