Home / News / India /  Centre dismisses rumours of reducing import duties on Chinese apples

Amidst the rumours that cheap Chinese apples are coming into India, Commerce Minister Piyush Goyal, dismissing them, said, the government has not reduced any duties and all imports take place in accordance with the WTO stipulations.

"Some people are spreading falsehood that the government has reduced duties on apples coming from China. This is a rumour without any basis. Government has not taken any such decision," he said at a press conference on Wednesday. 

All imports take place under the norms prescribed by the World Trade Organization (WTO), he said.

"I was asked this question earlier also...No such decision has been taken. I feel some people's job is only to spread baseless rumours which have no meaning," he said.

Chinese power crisis

Responding to queries whether Chinese power crisis brings opportunities for Indian exporters, he said, there are lots of opportunities for domestic companies.

"Today the nation is ready to take those opportunities head-on. We are a nation of entrepreneurs, industry and business persons. We are a nation of MSMEs who feel empowered to deal with the rest of the world with confidence," the minister said in the conference.

In the current fiscal, India's exports stood at $185 billion till September 21, and may touch $195 billion by the end of the first half of 2021-22. India's exports stood at USD 290 billion during 2020-21.

"We all are very familiar that any year, if you split it in two halves, you have a much better performance (in the second half) than the first in a normal year.

"We are at USD 185 billion as on September 21. Hopefully we will close at USD 195 billion by end of the half year....," Goyal said.

(With inputs from agencies)


Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout