Around 3,500 recycling units face closure threat due to proposed duty hike

Govt mulls raising import duty on metallic scrap to 10% from 2.5% at present

Around 3,500 recycling units face the threat of closure due to government’s proposed move to quadruple import duty on non-ferrous metallic scrap to restrict its import into India.

Employing around one million skilled and unskilled workers, directly and indirectly, these units are largely driven by unorganised sector players. Processing around 2.5 million tonnes of non-ferrous metallic scrap annually, these units produce key metal components, foundry and forging products for use in a number of industrial and household applications. Termed as secondary metal, the auto sector is the major user of products manufactured from metallic scrap. 

These units have gradually overcome