New Delhi: The Directorate General of Trade Remedies under the Commerce Ministry has initiated a safeguard investigation concerning imports of “Single-Mode Optical Fibre” into India.
The investigation was initiated following a complaint by Sterlite Technologies Limited (STL) and Birla Furukawa Fibre Optics Private Limited (BFL) alleging increased imports of “Single-Mode Optical Fibre” (SMOF) causing serious injury and threat of serious injury to the domestic industry.
The applicants have requested the immediate imposition of provisional safeguard duty in view of a significant surge in imports of the SMOF.
After examining the application filed by applicants, the Director-General, prima facie, found that there has been a significant increase in imports of subject goods during 2018-19 and the most recent period, and such increase appears to be a result of unforeseen developments such as global oversupply, anti-dumping duty imposed by China against major optical fibre producing countries and other restrictions imposed on sale of China-made optical fibre, and that the volume and prices of these imports have caused and/or are threatening to cause significant injury to domestic industry. After determining that there is sufficient evidence to justify initiation of safeguard investigation, the Director-General initiated an investigation pursuant to rule 5 of the Safeguard rules, 1997. (IANS)
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