New Delhi, April 9 -- The Directorate General of Trade Remedies (DGTR) has recommended countervailing duties ranging from 3.46 per cent to 10.27 per cent on copper wire imports from Vietnam, Thailand, Malaysia, and Indonesia.

If imposed by the Finance Ministry, these duties would impact the profit margins of electrical wire manufacturers who are the primary importers of this commodity.

The investigation was initiated following an application filed by the Indian Primary Copper Producers' Association.

Federation of Indian Micro and Small & Medium Enterprises (FISME) has criticized the move and stated it would adversely impact large number of downstream industries mostly MSMEs.

Reacting sharply to the development FISME has said that larg...