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As Coronavirus Asserts Itself On The World Stage, CII Asks For Duty Cuts

As Coronavirus Asserts Itself On The World Stage, CII Asks For Duty Cuts

Submitted by • February 19, 2020 www.communicationstoday.co.in

Amid no sign of the coronavirus outbreak in China easing, industries in India has appealed to the government to take extraordinary measures to cushion the impact of an impending shortage in supplies.With China recording thousands of new infections each day, factories there remain shut, or barely operational.India’s imports from China stood at $70 billion in 2018-19, with the neighbouring country being its biggest source of merchandise. China supplies up to 43 per cent of India’s top 20 imports, despite the government actively trying to source from alternative markets and making Chinese imports costlier.

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