Budget21-22 must set aside threat for India becoming dumping ground for global Al scrap
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IANS
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Published on
Wed, Jan 27 2021 14:03 IST
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Union Finance and Corporate Affairs Minister Nirmala Sitharaman presents the Union Budget 2019 in the Lok Sabha, on July 5, 2019. (Photo: IANS/LSTV). Image Source: IANS News
New Delhi, Jan 27 : India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.
In FY20, there has been a 327 per cent increase in the imports of aluminium scrap from US into India compared to the levels in FY15.