亚博体育官网首页

AAI Pushes for 10% Duty on Aluminium Scrap Imports
COAL & MINING

AAI Pushes for 10% Duty on Aluminium Scrap Imports

The Airports Authority of India (AAI) has requested a 10% import duty on aluminium scrap in a bid to protect the domestic aluminium recycling industry. The move aims to encourage the recycling of aluminium scrap within the country and reduce reliance on imports.

Aluminium is extensively used in the aviation industry, particularly in aircraft components, due to its lightweight and high-performance properties. As a result, the AAI is concerned that the high rate of aluminium scrap imports may negatively impact the domestic recycling sector.

The AAI argues that imposing an import duty on aluminium scrap will help create a level playing field for domestic recycling companies, who are struggling to compete with low-priced imported scrap. The authority believes that such a measure will not only foster growth in the domestic recycling industry but also strengthen its supply chain.

India is one of the largest importers of aluminium scrap, with the demand primarily driven by the booming automobile and construction sectors. However, this heavy reliance on imports carries sustainability and economic concerns. By incentivizing the recycling of aluminium scrap within the country, the AAI aims to promote environmental sustainability and encourage the development of a self-sufficient aluminium recycling industry.

The imposition of a 10% import duty on aluminium scrap would not only raise revenue for the government but also provide a much-needed boost to domestic recycling businesses. This move aligns with the government's vision of the Atmanirbhar Bharat (Self-Reliant India) initiative, which aims to reduce dependence on imports and strengthen domestic industries.

Several industry bodies, including the Aluminium Association of India, have expressed support for the AAI's proposal. They believe that the imposition of an import duty will enable domestic recycling companies to compete on a level playing field, leading to increased job creation and technological advancement in the sector.

However, the proposal has also faced opposition from certain quarters. Critics argue that an import duty on aluminium scrap may lead to an increase in the price of aluminium products, which could adversely impact businesses and consumers alike. They advocate for other measures, such as the promotion of research and development activities, to boost the domestic recycling industry.

In conclusion, the AAI's call for a 10% import duty on aluminium scrap aims to safeguard the interests of the domestic aluminium recycling industry. Such a move would not only spur growth in the sector but also contribute to India's goal of becoming self-reliant and environmentally sustainable.

The Airports Authority of India (AAI) has requested a 10% import duty on aluminium scrap in a bid to protect the domestic aluminium recycling industry. The move aims to encourage the recycling of aluminium scrap within the country and reduce reliance on imports. Aluminium is extensively used in the aviation industry, particularly in aircraft components, due to its lightweight and high-performance properties. As a result, the AAI is concerned that the high rate of aluminium scrap imports may negatively impact the domestic recycling sector. The AAI argues that imposing an import duty on aluminium scrap will help create a level playing field for domestic recycling companies, who are struggling to compete with low-priced imported scrap. The authority believes that such a measure will not only foster growth in the domestic recycling industry but also strengthen its supply chain. India is one of the largest importers of aluminium scrap, with the demand primarily driven by the booming automobile and construction sectors. However, this heavy reliance on imports carries sustainability and economic concerns. By incentivizing the recycling of aluminium scrap within the country, the AAI aims to promote environmental sustainability and encourage the development of a self-sufficient aluminium recycling industry. The imposition of a 10% import duty on aluminium scrap would not only raise revenue for the government but also provide a much-needed boost to domestic recycling businesses. This move aligns with the government's vision of the Atmanirbhar Bharat (Self-Reliant India) initiative, which aims to reduce dependence on imports and strengthen domestic industries. Several industry bodies, including the Aluminium Association of India, have expressed support for the AAI's proposal. They believe that the imposition of an import duty will enable domestic recycling companies to compete on a level playing field, leading to increased job creation and technological advancement in the sector. However, the proposal has also faced opposition from certain quarters. Critics argue that an import duty on aluminium scrap may lead to an increase in the price of aluminium products, which could adversely impact businesses and consumers alike. They advocate for other measures, such as the promotion of research and development activities, to boost the domestic recycling industry. In conclusion, the AAI's call for a 10% import duty on aluminium scrap aims to safeguard the interests of the domestic aluminium recycling industry. Such a move would not only spur growth in the sector but also contribute to India's goal of becoming self-reliant and environmentally sustainable.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement