Regions :: India/Pakistan
India's new government pledges to reduce duty on chemicals, revive economy
4:42 AM MDT | July 11, 2014 | Natasha Alperowicz
India’s newly elected BJP government has pledged in its first budget to reduce custom duties on several chemicals in a move to encourage investment in the industry. In his maiden speech to parliament on Thursday, finance minister Arun Jaitley said: "In order to encourage new investment and capacity addition in the chemicals and petrochemicals sector, I propose to reduce the basic customs duty on reformate from 10% to 2.5%; on ethane, propane, ethylene, propylene, butadiene and ortho-xylene from 5% to 2.5%." In addition, Jaitley proposed to reduce...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee