FICCI urges extension of RoDTEP Scheme for Export Units amid global trade uncertainties

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Economic Times Logo Economic Times 18h ago

FICCI urges extension of RoDTEP Scheme for Export Units amid global trade uncertainties - Economic Times

Quick Summary:

Leading industry bodies, including FICCI, are urging the Commerce Ministry to extend the RoDTEP scheme for AA, EOU, and SEZ units beyond February 5, 2025, at least until September 30, 2025.

Citing global uncertainties, they emphasize the scheme's importance in maintaining the cost competitiveness of Indian manufacturing.

It pointed out that the withdrawal of RoDTEP support significantly undermines the ability of Indian manufacturers to compete with their global peers since embedded taxes and duties, which comprise up to 10% of aluminium production costs, would remain unrebated and unaddressed.