Setback for China! Government slaps duty on Nylon Tyre cord; Anil Singhvi reveals it is good news for SRF, Century Enka!
Zee Business had previously done an exclusive story about extension of anti-dumping duty on Nylon Tyre from China for our viewers a while ago.
Zee Business Managing Editor Anil Singhvi revealed very big news for SRF and Century Enka today! Central government has extended anti-dumping duty on Nylon Tyre cord from China for a period five years. Zee Business had previously done an exclusive story about extension of anti-dumping duty on Nylon Tyre from China for our viewers a while ago, which has now been confirmed by the Government, informs Reporter Chetan Bhutani. Once again, your favorite channel was first to get news from sources and inform you about the same.
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Nylon Tyre cord is an important chemical used in many industries. Formal notification from the Government is indeed good for Domestic companies as they have demanded about the same from Government previously. In case if the Government would not have given extension, then it would have had a negative impact on Domestic companies. Government has once again shown interest to protecting Domestic companies over Chinese companies, which clearly shows government intention to protect domestic companies. So, Domestic Companies like SRF and Century Enka would certainly welcome the Government move and so will their shareholders.
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