Page 2 - Imports

Imports of seamless pipes, tubes from China rise two-fold in FY25: Report

Imports of seamless pipes and tubes from China have increased by more than two-fold annually to 4.97 lakh metric tonnes in FY25, according to domestic manufacturers' body STMAI. The country had imported 2.44 lakh metric tonnes of seamless pipes and tubes from China in the preceding financial year. Imports in FY23 were 1.47 lakh tonnes as against the total shipment of 82,528 metric tonnes in the fiscal year 2021-22, the industry data showed. Seamless Tube Manufacturers' Association of India (STMAI) President Shiv Kumar Singhal said that imports of Chinese pipes have increased nearly five-fold in the last fiscal year compared to that of FY22. "Chinese pipe imports have increased exponentially over time...despite strong support from the Indian government through various safeguard measures aimed at protecting the domestic seamless pipe industry. These efforts have proven largely ineffective in curbing imports from China," Singhal explained. Chinese players are dumping seamless pipes i

Govt imposes anti-dumping duty on certain steel imports from Vietnam

This comes a year after the ministry initiated a probe on some steel imports from the Southeast Asian country to analyse threats and consequential injury to India's steel sector

Staffers at border seek Bengal CM intervention to lift ban on jute imports

An organisation of clearing agents' staffers at Petrapole border checkpost has written a letter to West Bengal Chief Minister Mamata Banerjee, seeking her intervention to lift the Centre's ban on imports of jute products and garments from Bangladesh via land routes. The Petrapole Clearing Agents' Staff Welfare Association claimed that the trade flow at the border checkpost in North 24 Parganas district has been affected due to the restriction. It highlighted how the ban has disrupted trade flows and impacted the livelihoods of thousands who depend on the transactions via the critical India-Bangladesh integrated checkpost. "Import trade volumes have plummeted sharply after the restrictions were imposed. The number of import trucks and rakes handled at Petrapole fell to 1,654 in June, down from 3,886 in May 2025," association secretary Kartick Chakraborty told PTI. Unlike the current trends, the peak monthly figure was 4,900 in 2023, while average volumes typically remain above 3,500

PM Modi holds talks with Namibia President; digi tech, defence in focus

Lula backs India's push to expand Mercosur trade pact

Best of BS Opinion: India could face trade and investment challenges

Today's opinion page pieces look at the many challenges India faces, from trade, logistics reforms, AI in governance and a demographic time-bomb

Sona Comstar plans domestic magnet production to reduce China imports

India, which has the world's third-largest car market and its fifth-largest reserves of rare earths, is working on a new program to incentivise magnet production locally to wean off China

Govt asks edible oil industry to pass tax cut benefits to retail users

The government had reduced the Basic Customs Duty (BCD) on crude edible oils-specifically crude sunflower oil, soybean oil, and palm oil-from 20 per cent to 10 per cent on 31 May

Imports under FTAs can be cleared under the provisional assessment

Rajagopalan answers readers' SME queries related to GST, export and import matters

Outdated fertiliser rules favour imports over domestic production: Industry

The government's "outdated" fertiliser regulations are creating an uneven playing field, favouring Chinese imports over domestic manufacturers and undermining the "Make in India" initiative, industry bodies said on Tuesday. The fertiliser control framework's concurrent naturegoverned by both central and state authoritieshas led to numerous amendments but has struggled to keep pace with evolving domestic needs and global developments, gradually coming to be seen as a relic of the legacy "Inspector Raj" and "License Raj", they said. The industry bodies called for comprehensive reforms including implementing "One Nation, One Licence" policies, ensuring regulatory parity between domestic and foreign manufacturers, and capping inspector numbers to two per unit. The Soluble Fertilizer Industry Association (SFIA), in a statement, said a major public sector enterprise recently issued tenders for soluble fertilisers that explicitly excluded "Made in India" products, highlighting how current

China's April exports rise 8.1%, imports dip 0.2% despite slowdown fears

Economists polled by Reuters had forecast a 1.9 per cent increase in exports and a 5.9 per cent drop in imports

Import ban, shipping restrictions on Pakistan to start showing impact soon

Most shipments from Dubai take about nine days to reach Indian ports; thus, the shipping ban as well as the indirect import ban will only start showing up by this weekend, say experts

No relief from QCO for inputs imported under advance authorisation scheme

Rajagopalan answers SME queries related to GST, export and import matters

Welspun One gets construction loan worth Rs 2.3K crore from Nabfid

The JNPA logistics park, spanning 55 acres, is Welspun One's largest logistics development in India

RBI proposes new regulations for export, import transactions under Fema

In July last year, the RBI had issued the draft, and based on the feedback received from the public and subsequent further consultations with various stakeholders

Delhi HC rejects JSW Steel, Trafigura plea to clear some met coke imports

India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers

Ease of imports, company-agnostic norms to be focus of scheme for EV cars

Since the announcement of the scheme, about 4-5 consultations have so far taken place between MHI and stakeholders like original equipment manufacturers

India imports increase 11.3% to 265 million tonnes of coal in FY24

The FY24 import included 59 mt of coking coal and 205 mt of non-coking coal worth ₹1.33 trillion, Union Coal Minister G Kishan Reddy said on Wednesday

China's exports, imports weaken in Jan-Feb as demand slides amid trade war

China's exports rose a less-than-expected 2.3% in January and February from a year earlier while imports fell more than 8% in a slow start to a year dogged by uncertainty over US tariffs and other policies. Economists had forecast that exports would rise 5% year-on-year and that imports would edge higher. China's overall trade surplus grew to $170.52 billion in the first two months of the year. China's customs agency typically publishes combined trade data for January and February to avoid any distortion from slowdowns during the week-long Lunar New Year holidays. Export growth cooled over the first two months of 2025, with tariff front-running providing less of a boost to demand than we had anticipated, said Julian Evans-Pritchard of Capital Economics. This slowdown comes before any substantial hit from tariffs, which will almost certainly lead to sharp falls in shipments to the US before long, he said. Evans-Pritchard said that the slowdown in imports suggests that the pick up i

Best of BS Opinion: Creative policymaking needed to resolve knotty issues

Policymaking must find simpler ways of resolving seemingly complex problems: such an approach frees up economic agents for productive activity

US President Donald Trump's 25% tariff sounds alarm for steelmakers

The direct impact of the move is restricted to the stainless steel industry, which exported about 9 per cent of its total exports in value terms to the US