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2 Indian battery companies want restricted import from Bangladesh |
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February 25, 2001
Dhaka-- (UNB)- Local manufacturers yesterday expressed concern over the campaign of two Indian battery companies for restricting import from Bangladesh hours before one of the two signed a joint-venture deal here. They alleged Exide India Limited moved an anti-dumping petition against import of lead acid batteries from Japan, Korea, Bangladesh and China into the market of India. Bangladesh Accumulator and Battery Manufacturers Association (BAMBA) objected to grouping Bangladesh with three non-SAARC countries and viewed it ran counter to the SAPTA agreements. Bangladesh exports battery to India under preferential tariffs granted by them under the South Asian Preferential Trading Arrangement. Bangladesh’s exports account for merely 0.5 per cent of India’s roughly 10 million pieces of local consumption and that would in no way cause injury to India’s domestic battery industry, BAMBA leaders said at a press conference at Press Club yesterday. The campaign initiated by Exide might provoke Indian authorities to impose anti-dumping duty and contempt harsh measures to restrict imports from a small developing country, BAMBA vice president Kazi Mohiuddin said. On the other hand, he wondered, Exide, one of such campaigners, has planned to set up a joint venture to assemble lead acid batteries here and export those to India. “Then why (they) initiate anti-dumping on a country where they are intending to import from?” he questioned. Exide India and Nitol Motors of Bangladesh signed a joint- venture agreement in the city yesterday to set up a unit here to assemble batteries and export those to India. |