Finance Minister Nirmala Ceitman said on Sunday that import duties have been rationalized to allow Indian industry a source of raw materials and promote domestic manufacturing and exports.
India’s 2025 Union Baget has focused on a filling to become more competitive for domestic industry. It comes under the backdrop of US President Donald Trump’s tariff action, which is after the second time in the White House.
Sitarman told about NDTV, “India is taking steps to ensure self -sufficiency, to strengthen its economy, and as I said, in the next 25 years, the country is a one through ‘Make in India’ To create manufacturing centers and create to the world, “Editor Sanjay Pugalia in a special television interview.
He said that the reduction in import tariffs on important minerals – an important but expensive component to produce batteries for electric vehicles – will help in local medium, small and micro industries working in space.
He said, “Custom duty was rational and the number of duties of goods had decreased, so that our production would increase. If we have to import things to add price to our goods and then to export, then we Are also doing, “he said.
(Tagstotransite) Budget (T) Budget 2025
