Curb pirated tool imports: LCCI
LAHORE: The Lahore Chamber of Commerce and Industry’s standing committee on hardware and machine tools met for the first time with its convener Sheikh Shafique Riaz and deliberated on the problems facing their industry.
The committee demanded the government, specifically customs authorities, curb the import from China of hardware and machine tools produced under international brand names. The committee was of the view that hardware and tools named after famous international brand names are being copied and imported from China to be sold at rates so cheap that the local industry is finding it hard compete.
The committee also urged the Pakistan Steal Mills to reduce prices for their products to enable the local industry to compete with Chinese products.
Mr Riaz said the tools industry is the backbone of the engineering and manufacturing sectors. Hence, it should be given protection. He also appealed to industrialists to register their brand names and designs to curb piracy. —Staff Report