Are we aware of this? Just a week before the first phase of the general elections, the Congress government ‘quietly’ sought to impose anti-dumping duty on imports of purified terephthalic acid (PTA) sparking a furore in the user industry. Even angry chambers of commerce did not openly allege that the sole beneficiary of the duty hike would be Reliance Industries, which would reap big profits from the cost imposed on foreign suppliers. There is a massive demand-supply gap in PTA in India.
Posted on: Wed, 23 Apr 2014 16:32:39 +0000
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