NEW DELHI (Reuters) - India is considering imposing a minimum import price on aluminium, the top bureaucrat in the ministry of mines said on Friday.
“MIP (Minimum Import Price) on aluminium is under consideration. We will take a week to send our recommendation forward,” the mines secretary Balvinder Kumar told Reuters.
Last month, a government body decided against imposing safeguards on some aluminium products citing lack of evidence over imports hurting profitability of domestic industry.
Reporting by Neha Dasgupta; Writing by Tommy Wilkes; Editing by Malini Menon