Self-Reliant India: Department for Promotion of Industry and Internal Trade draws blueprint for the aluminium sector
The Government of India’s Department of Promotion of Industry and Internal Trade (DPIIT) has presented short- and-long-term measures to turn India into a manufacturing hub for 20 champion sectors.
As per our report, short and long term measures have been identified, which includes aluminium sectors among other industries by DPIIT. This has been a major push forward to the manufacturing industry that the present Government of India focus to become “Self-Reliant India”
DPIIT has suggested having a separate policy on power for the energy-intensive aluminium sector, reduction of coal cess from Rs 500 per tonne to Rs 50 per tonne, and reduction in rail freight. In the long term, the suggestion is to have an import monitoring mechanism, quality control order, and utilise aluminium for rail coaches.
DPIIT proposes measures to make India export hub for the automotive sector.
RUSAL’s revenue declines by 15.2% to USD4,015 million in H1 2020 on lower aluminium price
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