Bhubaneswar: Odisha industries minister Dibya Shankar Mishra has urged the union finance minister to impose anti-dumping duty on stainless steel.
The Odisha minister in a letter to the finance minister Nirmala Sitaraman has stated that the Centre’s recent decision to withdraw the anti-dumping duty and countervailing duty on stainless steel will effect the domestic industries.
Stating that Odisha is be biggest producer of stainless steel, he said over Rs 15,000 crore have been invested in the sector in the State. Besides Rs 8000 crore is being invested in the downstream MSME units. Odisha is proposing to develop a stainless steel park.
Mishra has stated that this sector needs protection from dumping of cheap stainless steel from countries like China and Indonesia. Pointing out that US has levied 25% anti-dumping duty to protect it’s domestic industry, he has urged the union finance minister to reconsider for imposition of anti-dumping duty and countervailing duties on stainless steel.
The Odisha minister has also wrote a letter to the union commerce minister Piyush Goyal in this regard.
