FIMI requests for bauxite export duty to be removed

30 Nov 2022 CW Team

The miners' body FIMI has requested that the export duty on bauxite be removed, claiming that doing so will result in better utilisation of low-grade mineral resources by hastening the reopening of closed bauxite mines, creating jobs, and earning foreign exchange. Because bauxite is the primary ore of aluminium, it is a critical raw material for aluminium producers.

According to FIMI, the 15 per cent export duty on bauxite is harmful to Indian non-metallurgical bauxite producers and exporters.

In its pre-Budget proposals to the finance ministry, the federation thus requested the complete removal of export duties on bauxite exports. It asserted that India is not only self-sufficient in meeting its needs, but also has enormous potential to become a major international player.

Also read:
Lucknow inks MoU for bio-CNG plant in PPP mode
Fiscal viability no longer sole criterion for rail projects

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..