Thursday 23 May 2019

Aluminium association cautions government of high imports

The Aluminium Association of India (AAI) on Wednesday raised, with the government, its concerns of high imports of the material to the country as well as presence of China in the Regional Comprehensive Economic Partnership (RCEP).

"The sustainability of Indian aluminium industry has been adversely impacted by the increasing imports and declining domestic market share.

Despite having "sufficient domestic capacity" of 4.1 million tonne per annum (mtpa), almost 60 per cent of the country's demand is met through imports, it said, noting that the majority of the aluminium imports into India are coming under Free Trade Agreements (FTA).

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