Chinese imports bully Indian SMEs ; Indian Small and Medium Enterprises (SMEs) are caught in a vice- like grip of monumental proportions, if a recent FICCI survey is to be believed.

Indian Small and Medium Enterprises (SMEs) are caught in a vice-like grip of monumental proportions, if a recent FICCI survey is tobe believed. They are up against rising imports from China which arereaching Indian markets at prices lower by 10-70 per cent of theirIndian counterparts.

Over two-thirds of the surveyed firms have reported seriousinjury to their businesses. India has not offered the market economystatus to China, as there are serious distortions and lack oftransparency in the pricing of products that come out of any Chinesefactory.

Dhiman Chattopadhyay