'Need anti-dumping duties on Chinese excavators, cranes'

The Indian government should urgently consider imposing safeguard or anti-dumping duties on imports of two construction equipment segments — crawler excavators and tower cranes —as Chinese companies are rapidly expanding their presence in these markets in India through ‘predatory’ pricing supported by lower raw material costs, substantial export subsidies, and extended credit schemes, said Sorab Agarwal, executive director at Action Construction Equipment (ACE).

- DEEPAK PATEL

“About five to six years ago, the share of Chinese companies in India’s crawler excavator segment was close to nil. Today it is 20-25 per cent. If safeguard or anti-dumping duties are not imposed, their share will rise to 40-50 per cent over the next four to five years,” he told Business Standard in an interview.

“Similarly, four to five years ago, Chinese firms held just 5-10 per cent of the tower crane segment. Today, their share is around 20-25 per cent,” he added.