+
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

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code