Besides this, the imports are also a major threat to the survival of Indian manufacturers who are manufacturing the same type of goods by adopting fair business practices. This also affecting the 'Make in India' initiative of our government and therefore something urgently needs to be done to check this problem. In case of screw industry the inferior goods which are about 25 to 30 percent cheaper than the locally made goods are freely coming to India.”
According to Vishal Mahajan, general secretary of Northern India Screw Manufacturer and Traders Association, “For last several decades entire screw consumption in the country was being fed only from China and there were no local manufacturers at all. But from last about five years hundreds of local businessmen in Punjab took huge risks and setup screw manufacturing units to take on China and were successful in doing so by making high precision products and fulfil the local demand. Unfortunately now our Industry is collapsing and on verge of closure because from past two years China has started dumping huge quantity of inferior quality of screws in Indian markets by using several malpractices”
Mahajan also added, “The government and local industry are paying heavy price due to this huge influx of goods from China as unchecked imports are not only leading to GST and Custom duty evasion but other malpractices are taking place with the connivance of several elements. The screw which costs us Rs. 115 per kilogram to make is being dumped by China for only Rs 85. We therefore immediately demand intervention of centre government and industry and commerce minister in particular to take concerete measures to stop the free flow of Chinese screws into India and save local industry”