India has introduced a six-month minimum import price (MIP) on suspension-grade polyvinyl chloride (PVC) resin, aiming to curb the influx of low-priced foreign supplies.
The measure, announced by the government on Friday, establishes a price floor for imports while granting exemptions to export-oriented units (EOUs), special economic zones (SEZs), and entities operating under specific export-linked schemes.
The policy is designed to protect domestic PVC manufacturers from what officials describe as unfair pricing pressure from overseas competitors.
By setting a minimum threshold, the government seeks to level the playing field for local producers who have faced margin compression due to cheaper imports.
The exemption for export-focused entities ensures that downstream industries reliant on imported resin for their own export operations are not penalized by the new restrictions.
This development aligns with a broader trend of trade protectionism in the global PVC market.