The European Commission Directorate General for Trade in June proposed to levy an anti-dumping duty—between 8.7% and 11.4%—on nearly a dozen Indian optical fibre cable makers. Sterlite Technologies plans to challenge the anti-dumping duty levy by the European Commission on imports of optic fibre cables from India.
Oct 24, 2024
Sterlite Technologies Limited is evaluating challenging the anti-dumping duty levy by the European Commission on imports of optic fibre from India, and looks to improve efficiency at its manufacturing facility in Italy that is supplying to the European market, as per a report by Mint.
Watch: RR Kabel | Solar Cables | Solar Plant | Renewable Energy
“It is provisional (duty) and we’re working on ways to mitigate or minimize the import duties. We are very well set up for all our requirements in Europe through our Italian facility. We’re working on making it more cost competitive, so we are confident that we will not lose any customers. As we continue to scale up, we plan to increase our market share in Europe,” said Managing Director, Ankit Agarwal, Sterlite Technologies.
Also Read: NTPC Green Energy to Launch INR 10,000 Crore IPO in November 2024
The European Commission Directorate General for Trade in June proposed to levy an anti-dumping duty—between 8.7% and 11.4%—on nearly a dozen Indian optical fibre cable makers. The companies included Birla Cable Ltd, Universal Cables Ltd, Vindhya Telelinks Ltd and STL, among others, while exempting imports from HFCL Ltd and its subsidiary HTL Ltd.
