Industry seeks concessional imports via SEZs

Reduced import duties for SEZs could lower production costs, making Indian manufactured goods more competitive globally. This aligns with government initiatives to boost domestic manufacturing and exports.

• •SEZ units and developers requested concessional import duties on 200 products.
• •Products include photovoltaic cells, naphtha, fungicides, non-industrial diamonds, parts of electric power machinery, certain vaccines, and aluminium billets.
• •The communication was sent to the commerce and industry ministry.
• •Risk flag: Policy approval is not guaranteed and may face opposition from domestic producers.
• •Risk flag: The actual impact will depend on the specific duty reductions and the volume of imports.