PHDCCI urges Finance Minister to slash duties on LNG and naphtha in upcoming Budget
· Business · Business Standard
The PHD Chamber of Commerce and Industry has formally asked the government to impose zero customs duty on liquefied natural gas (LNG) and naphtha in the forthcoming Union Budget, arguing the move would lower production costs for energy-intensive industries. Industry leader Shahid Usman Balwa stated the measure would enhance competitiveness and reduce the cost of key feedstocks. The request targets sectors heavily dependent on imported fossil fuels for power and raw material needs. PHDCCI also highlighted that such a policy would boost India's manufacturing sector and attract investment in energy-dependent manufacturing.
Why it matters
Zero duty on LNG and naphtha would directly lower input costs for energy-intensive industries, improving margins for manufacturers and potentially easing power tariffs for industrial consumers across India.
Read the original report — Business Standard
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