India imposes minimum import price on clear float glass, benefiting Saint-Gobain, Asahi India
The Indian government has set a minimum import price of ₹34,000 per metric tonne for clear float glass to protect domestic manufacturers. This policy change restricts lower-priced imports for one year, benefiting companies like Saint-Gobain and Asahi India.
Why it matters
This protectionist trade measure aims to support local industry competitiveness against cheaper foreign imports.
India has imposed a minimum import price of ₹34,000 per metric tonne on clear float glass for one year, a move that could benefit domestic producers, including Saint-Gobain and Asahi India, by curbing lower-priced imports.
The Directorate General of Foreign Trade, in a notification dated August 18, changed the import policy for clear float glass of 4 mm to 12 mm thickness under ITC (HS) codes 70051090 and 70052990 from "Free" to "Restricted." Imports priced at or above ₹34,000 per tonne on a CIF basis will continue to be permitted, while shipments below the threshold will face the new restriction.
The minimum import price will remain in force for one year from the date of publication of the notification, according to the DGFT.
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