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Export levy will slow down India's $5 trn economy journey: ISA President

Dilip Oomen says the levy comes at a time when the world views India as a stable policy country, a manufacturing and export hub that is closely integrating with global value chains

Dilip Oommen, chief executive officer, AM/NS India
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Dilip Oommen, chief executive officer, AM/NS India

Ishita Ayan Dutt Kolkata
The export levy on steel will slow down the nation’s ambitious journey towards a $5 trillion economy, said Dilip Oommen, president, Indian Steel Association (ISA), on Tuesday.

In a statement, Oommen said that the cut in import duty on certain raw materials was welcome. “However, the export levy on steel would slow down the nation’s ambitious journey towards a $5 trillion economy at a time when the world is looking at us as a stable policy country, a manufacturing and export hub that is closely integrating with global value chains,” he said.

Oommen is also ArcelorMittal Nippon Steel India (AM/NS

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First Published: May 24 2022 | 8:50 PM IST

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