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India to Monitor Imports of Copper & Aluminium - Report

Metal News - Published on Fri, 11 Sep 2020

Image Source: Copper Aluminium Imports
Reuters, citing two government sources and an industry official, reported that India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers. Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals, government

The move for greater screening is aimed at pushing economic self-reliance, the federal mines ministry said in a letter to the commerce ministry late last month. The letter reviewed by Reuters refers to Prime Minister Narendra Modi's push to reduce imports and increase exports of value-added products. The mines ministry said in the letter "The purpose of the system is to have adequate information so that an appropriate policy intervention could be devised."

Government sources said the aim of the tighter surveillance would be to move copper and aluminium imports onto a restricted items list, which would require importers to get a government-issued license for every shipment.

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Posted By : Yogender Pancholi on Fri, 11 Sep 2020
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