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India Inc's overseas borrowings down 25 per cent in March
The Economic Times, 24th April 2015
Indian firms raised over USD 2.66 billion from overseas markets through the external commercial borrowing (ECB) route last month, down 25 per cent, RBI data showed today. Read More

May go under: PTA makers; a yarn: Users, 11th December 2014
Japan's Mitsubishi Chemical Corporation's (MCC) India affiliate, which has attracted the largest foreign direct investment in the country's chemical sector, has sought the government's intervention to save it from shutting shop. Read More

Input tariffs hit local polyester units
Financial Express, 15th September 2014
After a plea by Reliance Industries (RIL) and Mitsubishi’s MCC PTA India Corporation, the government initiated a probe and imposed the anti-dumping duties in the range of $19.05-117.09 per tonne (5-11%, effectively, depending on the country) on imports of the purified terephtalic acid (PTA) from China, Korea, the European Union and Thailand. Read More

Ministry imposes anti-dumping duty on import of PTA
Business Standard, 29th July 2014
The government has imposed anti-dumping duty on purified terephthalic acid (PTA), a raw material for polyester production, in the range of $23.75 to $117.09 a tonne, on imports from China, Korea, Thailand and the European Union. The move has divided PTA producers and polyester companies. Read More

Anti-dumping duty body rules in favour of Japanese firm's India arm
financialexpress, 25th June 2014
In a relief to Tokyo ahead of Prime Minister Narendra Modi's visit, the commerce ministry's trade remedies wing has ruled in favour of the Japanese company Mitsubishi Chemical Corporation's (MCC) local affiliate. Read More

Antidumping duty on PTA to hurt polyester industry
Business Standard, 25th JUne 2014
The recent notification by Ministry of Commerce and Industry under Preliminary findings recommending the imposition of provisional antidumping on imports of purified terephthalic acid (PTA) will have adverse impact of polyester fibre and textile industry, the major user of PTA, in India, according to Indo Rama Synthetics (India) Ltd. Read More

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