Indian aluminium industry pleas for urgent duty relief as it braces for global competition
In a rapidly evolving global metals scene, the Indian aluminium sector has found itself at a critical juncture. The Aluminium Association of India (AAI) has formally called on the government to extend the Remission of Duties or Taxes on Export Products (RoDTEP) scheme for aluminium-producing units operating under Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zones (SEZs). This intervention, as warned by the industry leaders, is essential to safeguard India’s export competitiveness and domestic manufacturing growth.
India ranks as the world’s second-largest producer of aluminium, boasting an impressive annual production capacity of 4.1 million tonnes and witnessing investments exceeding USD 20 billion in domestic manufacturing.
At present, close to 45 per cent of the country’s aluminium exports originate from units operating within AA, EOU, and SEZ frameworks. However, the recent withdrawal of RoDTEP eligibility for these units in February 2024 has sparked concerns over escalating production costs and diminishing global market share.
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