IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state-controlled

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Aug 2013 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

On 26 December 2013, the Indian Cabinet Commitee on Economic Affairs approved to provide financial assistance to eleven Central Public Sector Enterprises under the Department of Heavy Industry, all declared as loss making. The financial support will amount to INR 116.86 crores (USD 18.84 million).
 
The companies in question are Hindustan Cables Ltd., Hindustan Machine Tools (HMT) Ltd., HMT Watches Ltd., HMT Chinar Watches Ltd., Nagaland Pulp& Paper Co. Ltd., Triveni Structurals Ltd., Tungbhadra Steel Products Ltd., Nepa Ltd., HMT Bearings Ltd., Hindustan Photo Films Ltd., and Tyre Corporation of India Ltd. 
 
Previously, on 13 August 2013, these companies (except Tyre Corporation of India Ltd.) have received assistance amounting to a total ofINR 128.26 crores (USD 20.68 million).
 
Additionaly on 10 September 2014, the above stated companies (except Tyre Corporation of India Ltd. and including Heavy Engineering Corporation Ltd.) received an assistance amounting to a total of INR 287.67 crores (~ USD 46 million).
 
The following companies and products have significant sales in the domestic market:
- Hindustan Machine Tools - Tractors
- Nepa Limited: Newsprint paper
- HMT Bearings Ltd.: Tapered/Cylindrical Roller Bearings
- Hindustan Photo Films: Medical/Industrial X-Ray
- Tyre Corporation of India: Automotive Tyres
- Heavy Engineering Corporation
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4801 Newsprint, in rolls or sheets.
480100 Newsprint, in rolls or sheets.
361 Rubber tyres & tubes
4011 New pneumatic tyres, of rubber.
401110 Of a kind used on motor cars (including station wagons and racing cars)
401120 Of a kind used on buses or lorries
401130 Of a kind used on aircraft
401140 Of a kind used on motorcycles
401161 Of a kind used on agricultural or forestry vehicles and machines
401162 Of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm
401163 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401194 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401199 Other
433 Bearings, gears, gearing & driving elements; parts
8482 Ball or roller bearings.
848210 Ball bearings
848220 Tapered roller bearings, including cone and tapered roller assemblies
848230 Spherical roller bearings
848240 Needle roller bearings
848250 Other cylindrical roller bearings
848280 Other, including combined ball/roller bearings
848291 Balls, needles and rollers
848299 Other
441 Agricultural or forestry machinery & parts
8701 Tractors (other than tractors of heading 87.09).
870190 Other
483 Optical instruments & photographic equipment; parts thereof
3701 Photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitised, unexposed, whether or not in packs.
370110 For Xray
370130 Other plates and film, with any side exceeding 255 mm
370199 Other
3702 Photographic film in rolls, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in rolls, sensitised, unexposed.
370210 For Xray
370242 Of a width exceeding 610 mm and of a length exceeding 200 m, other than for colour photography
370244 Of a width exceeding 105 mm but not exceeding 610 mm
370254 Of a width exceeding 16 mm but not exceeding 35 mm and of a length not exceeding 30 m, other than for slides
370255 Of a width exceeding 16 mm but not exceeding 35 mm and of a length exceeding 30 m
370297 Of a width not exceeding 35 mm and of a length exceeding 30 m
370298 Of a width exceeding 35 mm

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