October 1, 2024
India has taken a significant step to curb the imports of cheap and sub-standard screws from China by issuing a Quality Control Order. This move comes as a big blow to the Chinese manufacturers who have been flooding the Indian market with low-quality screws at extremely low prices.
According to reports, India has been importing around 10,000 to 12,000 tons of screws from China every year, with a staggering price tag of ₹100 per kg. The cheap imports have been a major concern for the Indian manufacturers, who have been struggling to compete with the low prices of Chinese goods.
The Quality Control Order, issued by the government, aims to ensure that all screws imported into the country meet the required quality standards. The order has specified certain benchmarks for the screws, including tensile strength, toughness, and corrosion resistance.
The move is expected to have a significant impact on the Indian market, with many experts predicting that the imports of Chinese screws will decline drastically in the coming months. The Indian manufacturers, who have been facing tough competition from Chinese goods, are likely to benefit from the order, as it will level the playing field and create a more fair market.
However, the move has also sparked concerns about the potential impact on the prices of screws in the Indian market. Some experts have warned that the Quality Control Order could lead to a shortage of screws, particularly in the short term, which could result in higher prices for consumers.
Despite these concerns, the government's move to issue the Quality Control Order has been widely welcomed by the Indian industry. The order is seen as a major step towards protecting the interests of Indian manufacturers and ensuring that consumers have access to high-quality products.
The Quality Control Order is part of the government's broader strategy to promote 'Make in India' and reduce the country's dependence on imports. By encouraging Indian manufacturers to produce high-quality goods, the government aims to boost domestic production and create jobs.
Overall, the Quality Control Order is a significant development that is likely to have far-reaching implications for the Indian market. While it may lead to some short-term challenges, the move is expected to have long-term benefits for the Indian industry and consumers.
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