Government to decide over minimum import price for aluminium

10 October 2016

Government is examining the flurry of cheap aluminium imports in the country and will take a decision on imposition of minimum import price (MIP) on the metal in next 15 days, a top official said on Tuesday.

Mines Secretary Balvinder Kumar said the Ministry is examining the matter in great depth and has conducted 2-3 rounds of discussions with aluminium industry stakeholders.

“Either we may go for MIP or alternatively to increase import duty, but we want to drum up consensus among different segments of aluminium industry. We are working on it and hopefully in a fortnight we will take a decision on this,” he said at a mining summit organised by industry body Assocham.

The development comes as the talks between the government and primary as well as secondary producers of aluminium on imposing MIP on the metal to check imports from China and the Middle East remained inconclusive last month.

Source – ET