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India will not welcome dumping of goods: Piyush Goyal

India will not welcome dumping of goods: Piyush Goyal


Union Power Minister Piyush Goyal recently said India will not allow dumping of goods such as electrical items at the cost of domestic manufacturing and stressed on the need to promote the local industry. “I am happy to have imports come in, if we are at level playing field. But if we find that other countries are dumping goods into India, certainly that is not welcome in the country,” Goyal said while speaking at Light India Exhibition 2016 here today as per a statement issued by Power Ministry.

The minister further said, “We welcome technology from all around the world but at the end of the day, we would like to strengthen our Indian hands…Indian entrepreneurship needs to be promoted in global electrical industry.” Commending new and innovative concepts like solar street lights at the exhibition, Goyal stated, “I can actually imagine putting up not less than 10 or 15 million solar street lights, particularly in rural areas.” He emphasised on the fact that modalities like cost, battery life, newer technology, process monitoring etc are yet to be work out. Referring to the disruptive economy, the Minister asked the industry to reorient their price structure. He urged the industry to participate in LED street programme aggressively. Talking about Bureau of Indian Standards, Goyal said that standards need to be better monitored in the imported electrical products.

Anand Gupta Editor - EQ Int'l Media Network


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