DUBLIN: To protect the interest of homegrown companies from rising imports of aluminium metal and its scrap, the aluminium industry has demanded that the Centre increase import duty on these products.
As per statistics of Aluminium Association of India, Indian Aluminium Industry has seen a huge surge in imports in recent years from 8.81 lakh tonne in the year 2010-11 to 15.63 lakh tonne in 2014-15 financial year — primarily from Middle East and China. Similarly, the import of aluminium waste and scrap has increased at a compound annual growth rate of 16 % in the same period.
The Indian Aluminium Industry is at a critical phase where it requires support from the government to maintain not only its current viability but also protect its growth plans that have significant economy contributions and benefits,” Vice President, Community Relations of Balco (Bharat Aluminium Company), BK Shrivastav told PTI .
