Foreign vs Desi: Publishing cos fight to tap booming market

Foreign vs Desi: Publishing cos fight to tap booming market
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First Published: Sun, Oct 12 2008. 02 52 PM IST
Updated: Sun, Oct 12 2008. 02 52 PM IST
PTI
New Delhi: Demands periodically crop up from trade bodies to impose anti-dumping measures to ensure that the country does not become a dumping yard for substandard goods.
The latest body to join the chorus is the Federation of Indian Publishers (FIP). The Federation feels the government’s policies are encouraging foreign publishing houses dump unsold books in the country.
Anti-dumping duties should be imposed on the books published in Special Economic Zones (SEZs) by foreign companies, say Indian publishers, blaming the former of selling these books in the domestic market at prices far cheaper than in other countries.
It also leads to an unfair competition for domestic companies who pay all duties, they add.
“We want anti-dumping duties to be imposed on the books that they say are being sold here at prices far cheaper than other countries. They also dump their unsold books in Indian market and sell at 85-90% discount. They are flooding booming Indian market with these books without paying any custom duty,” says R C Govil, President, FIP.
“They are also grossly misusing the various facilities and other subsidiaries available in SEZs (Special Economic Zones) and EPZs (Export Processing Zones), which were meant to promote and facilitate exports from India. Foreign publishers, instead of physically exporting books printed in EPZs are selling these in domestic market itself, defeating the very purpose of proving special facilities,” he adds.
Foreign companies, however, refute these allegations claiming they provide the local industry with greater avenues of employment and revenue generation and also pay huge sums as royalties to Indian writers which their local counterparts had been avoiding for years.
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First Published: Sun, Oct 12 2008. 02 52 PM IST