Need anti-dumping duties on Chinese excavators, cranes: ACE's Sorab Agarwal

ACE's Sorab Agarwal urges urgent safeguard or anti-dumping duties on Chinese crawler excavators and tower cranes, warning that predatory pricing and subsidies are rapidly eroding India's market share

The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments -- crawler excavators and tower cranes -- as Chinese companies are rapidly expanding their presence in these markets in India through ‘predatory’ pricing supported by lower raw material costs, substantial export subsidies, and extended credit schemes, said Sorab Agarwal, executive director at Action Construction Equipment (ACE).

 

“About five to six years ago, the share of Chinese companies in India’s crawler excavator segment was close to nil. Today it is 20-25 per cent. If safeguard or anti-dumping duties are not imposed, their share