FIMI requests for bauxite export duty to be removed
COAL & MINING

FIMI requests for bauxite export duty to be removed

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

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

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?