India considering minimum import price on aluminium, govt official says

India considering minimum import price on aluminium, govt official says
Representational image of a worker at a construction site. Image Source: Pixabay

India is considering imposing a minimum import price on aluminium, the top bureaucrat in the ministry of mines said on Friday.

"MIP (Minimum Import Price) on aluminium is under consideration. We will take a week to send our recommendation forward," the mines secretary Balvinder Kumar told Reuters.

Last month, a government body decided against imposing safeguards on some aluminium products citing lack of evidence over imports hurting profitability of domestic industry.

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Written By: Reuters
Updated: Fri, Jan 13, 2017
11:37 AM IST
Reuters

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