Import tax increase in made in india fiber optic cable

Bejing 14 August :  The economic tensions between india and neighboring china now on fiber optic cable.

china has extended an anti-dumping tariff on a fiber optic product made in india the punitive tariff on single mode optic fiber takes effect from august 14 and lasts for five years with tariffs ranging between seven point four percent and thirty point .

six percent depending on the precise indian manufacturers china previously slapped an anti-dumping tariff on same indian product for five years until mid-august of last year then had a review of the case also earlier india has also taken steps restricting chinese firms from investing or maybe making big acquisitions.

 it'll be under scrutiny security clearances are going to be required they will be mandatory for bidders from countries that share land borders with india and need to participate in government contracts government announced earlier in april india issued an order on screening fdi from neighboring nations with which it shares land powder mainly impacting .

chinese firms chinese phones have faced hostilities since a border clash that killed 20 indian soldiers in mid-june after which india banned 59 apps of chinese origin including by dance tech talk and alibaba's uc browser citing security concerns .

india has also cancelled railway and road tenders secured by chinese firms and also announced it'll not allow import of power equipment from china and pakistan due to cyber security threats .