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Seminar on Anti Dumping Duty on Bicycle and Bicycle parts in UCPMA

LUDHIANA: The newly elected team of the office bearers of United Cycle and Parts Manufacturers Association held a seminar with National Small Industries Corporation Limited regarding "Impact of Chinese Import on Indian Bicycle Industry". 

Rajesh Jain, Deputy General Manager, NSIC appraised the willingness of the MSME ministry to study the negative impact to Micro Small and Medium Enterprises (MSME) industry from the Chinese bicycle parts. The government of India has appointed NSIC to conduct survey through "Centre for Market research and Social development" which was represented by SP Gera Chief Consultant and Arpita Verma, Research Coordinator; it was informed to the members that proper evaluation study will be accessed on the impact of Chinese imports and remedial measure for corrective action will be taken at the earliest they handed over the Proforma to the industry so that proper data can be compiled and presented to the ministry of MSME. 

Charanjit Singh Vishivkarma, newly elected President of the UCPMA suggested that export of raw material should be banned, first home industry should be fed then we should think of export of raw material. Manjit Singh Khalsa strongly resented on import of Bicycle and Bicycle parts from China via SriLanka and Bangladesh, he suggested that this import should be banned as the origin of goods is from China and not from these countries. 

Rajeev Jain, General Secretary of UCPMA suggested that floor price should be fixed on the import of the Chinese bicycle and bicycle parts. He also suggested that the Government should form steel price regulatory committee in order to stabilize the steel prices. Avtar Singh Bhogal suggested increasing the custom duty on Bicycle and Bicycle parts. 

The seminar was concluded with vote of thanks and by presenting a token of gratitude to the visiting guests.