7% Jump In Imports Of Sensitive Items

New Delhi, May 24: | Updated: May 25 2002, 05:30am hrs
Import of the 300 sensitive tariff lines, monitored by the commerce ministry subsequent to the removal of quantitative restrictions on their imports on April 1, 01, went up by 7.42 per cent during the past fiscal.

The import value of these commodities increased to Rs 10,726 crore during 01-02 from Rs 9,985 crore of the previous year.

The growth is largely due to a steep increase in the import of cotton which went up to Rs 2,046 crore during 001-02 from Rs 1,178 crore during 00-01, an official release said here on Friday.

On the other hand, imports of fruits & vegetables, foodgrain and milk & milk products have shown a sharp decline at the broad group level during the period.

Edible oil imports went up marginally to Rs 6,267.5 crore from Rs 6,133.5 crore during 00-01. While crude oil import rose significantly, giving a major boost to utilisation of processing capacity in the domestic oil industry, that of refined soya bean & palm oil has gone down. Imports of sunflower oil, both crude & refined, decreased during the period.

Import of alcoholic beverages went down to Rs 27.58 crore from Rs 29.44 crore during 00-01. Import of automobiles too decreased to Rs 67.69 crore from Rs 74.06 crore.

Since the SSI industry is considered to be the most vulnerable sector as far as imports are concerned, a total of 20 tariff lines related to products manufactured by SSIs is monitored by the DGFT. During 01-02, import of these items declined to Rs 103.72 crore from Rs 113.65 crore during 00-01.

The countries from where imports of these monitored items registered an increase include Brazil, the US, Argentina, Paraguay, Australia, Thailand, Iran, Sri Lanka, China, Greece and Egypt.

But import of these items from Malaysia, Guinea Bisu, Ivory Coast, South Africa, Mozambique, Ukraine, and Russia have gone down in the period.