Need to see why industries seek high duties despite tariff cuts: DPIIT secy

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Need to see why industries seek high duties despite tariff cuts: DPIIT secy - Business Standard

Quick Summary:

India has reduced its tariffs significantly over the years, bringing them down to the world average level, yet the domestic industries continue to suggest increasing the duties, a senior government official said on Wednesday.

"On the export market side and integration with the (global) supply chains, there is also a lot of work which has been done in terms of reduction in tariff, the weighted tariff has come down substantially and it is almost at the world average level.

Secretary in the Department for Promotion of Industry and Internal Trade Amardeep Singh Bhatia said that it needs to be examined why such requests come.