With an aim to protect the domestic players and to discourage cheap imports, the government has started anti-subsidy probe on imports of cast copper wire rods from four countries-- Indonesia, Malaysia, Thailand and Vietnam.
The Directorate General of Trade Remedies (DGTR) which ensures a level playing field to the Domestic Industry against the adverse impact of the unfair trade practices, has initiated an investigation into the alleged subsidisation of this product. In the investigation, DGTR will determine the existence, degree and effect of alleged subsidisation and to recommend the amount of countervailing or anti-subsidy duty, which if levied, would be adequate to remove the injury to the domestic industry.
Hindalco Industries and Vedanta Industries had filed an application before the DGTR for initiation of an anti-subsidy investigation on imports of cast copper wire rods from Indonesia, Malaysia, Thailand and Vietnam. The period of investigation (POI) is 2017-18 (12 months). However, the data of 2014-17 will also be considered.