economictimes.indiatimes.com ·
fastener traders want govt to roll back quality control order amid rising cost supply disruptions
The full article is on the original publisher site. This page only shows the headline and a very short excerpt.
AI insight
AI-generatedThe QCO imposes BIS certification and a 'one-product-one-licence' system on fasteners in India, raising compliance costs and causing supply delays. Traders, who rely on imports (USD 1.13bn from China/Japan), face 50% turnover loss. The regulation creates scarcity for imported fasteners, squeezing margins for distributors and downstream industrial users. Impact is India-specific, affecting the fastener supply chain.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Quality Control Order (QCO) mandates 'one-product-one-licence' system for fasteners in India, effective 2023.
- Fastener traders report turnover cut by approximately 50% due to QCO.
- India's fastener imports amount to USD 1.13 billion, mainly from China and Japan.
- Traders urge government to roll back QCO, citing rising costs and supply disruptions.
- BIS certification requirement seen benefiting few manufacturers while marginalizing traders.
Mid-term margin pressure for industrial users as inventory depletes and costs rise, with a 2-5% price increase over 2-4 weeks.
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