The Finance Ministry issued the anti-dumping order following the discovering to this impact by Directorate Normal of Commerce Cures – the investigative wing of the Commerce Ministry – which had beneficial the motion.
In keeping with the findings of the investigation, the products have been being exported to India beneath regular values, which led to “material injury” to the home firms.
Ankit Agarwal, MD of Sterlite Applied sciences, termed the choice “a strategic move that will unlock the growth potential” of the indigenous optical fibre trade.
“Optical Fibre is a hi-tech product and it is absolutely critical for India’s digital ambitions. Low-price, low-quality fibre coming into India through these countries can impact the longevity and quality of India’s 5G and rural broadband network and can potentially wash off nearly 10 years of the fibre’s lifetime,” Agarwal mentioned.
The home trade mentioned that the prescribed anti-dumping measures will now act as an efficient deterrent, and go a great distance in making certain a future-ready, high-quality community construct for India. “These measures not only strengthen the Indian optical industry, but also pave the way for India to become a global leader in optical fibre, taking PM Modi’s Digital and Atmanirbhar India vision to greater heights.”
Kapil Mehta, CEO of Birla Furukawa Fibre Optics, mentioned that the Indian optical fibre trade is self-sufficient in producing high-quality fibre and is aggressive globally. “India presently possesses a capability that’s practically 2x to 3x greater than what’s required. Due to this fact, there was no justifiable purpose for India to depend on imports, which not solely negatively impacts the competitiveness of our home trade but additionally compromises the standard of our fibre networks.”
The federal government’s transfer comes at a time when India is in the course of a large digitisation drive by means of the formidable rural outreach programme, Bharat Internet, whereas non-public operators are including fibre to their community for 4G and 5G companies.
