India sets minimum import price for float glass amid cheap imports
- India's commerce ministry on August 18 set a minimum import price of Rs 34,000 per tonne for float glass imports.
- Domestic producers faced high energy costs and cheaper imports from China, Malaysia and Vietnam at Rs 25,000 per tonne.
- Float glass production in Firozabad dropped over 30%, affecting pharmaceutical, automotive and solar panel industries.
- India imports $2.1 billion in glass annually, with flat glass demand projected to grow from 2.75 to 3.8 million tonnes.
Source: moneycontrol.com
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