No overcapacity in textiles, steel sectors in India: DGTR
India, June 11 -- India does not have surplus capacity in textiles and steel sectors, as per capita consumption of these products in the country remains among the lowest in the world, a senior government official said on Wednesday.
The remarks assume significance as the Office of the United States Trade Representative (USTR) in March launched a probe regarding the acts, policies, and practices of various economies, including India, under Section 301(b) of the Trade Act of 1974, relating to structural excess capacity and production in manufacturing sectors.
Director General of Trade Remedies and Additional Secretary in the commerce ministry Amitabh Kumar said that overcapacity has not come under any of the trade remedial laws in the WTO ...
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