Providing Thrust to Core Sectors

The Industry associations of machine tools, textile machinery, process plant equipment, construction machinery, plastic machinery, electrical equipment industry have been raising the issues for the level playing field against the lower rate of duty as well as zero duty on imported equipment on FTA affected due to specific notifications from the Government. This situation leads to under capacity utilization and resource crunch which could have been used for their plant modernization and technology purchase/R&D, etc. The industry associations represent their cause of concern to the Department along with their suggestions in their pre-budget memorandum which are examined and the same are forwarded to the Ministry of Finance for consideration.