Business Today

Stonewalle­d...

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Since 2015, India has initiated 54 anti-dumping proceeding­s against Chinese imports covering stainless steel, wind energy equipment, radial tyres and chemicals, the highest against any country.

India strengthen­ed the BIS law in 2016. This has hit cheaper and poor-quality Chinese imports.

FDI from China, after touching

$495 million in 2014/15, fell to

$277 million in 2016/17.

Section 153 of general financial rules changed to keep Chinese companies out of government procuremen­t.

The government has asked PSUs to look for alternativ­es to equipment and material provided by Chinese companies.

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