Indian industry group demands coal tax removal to aid aluminum sector competitiveness.

The Indian industry group ASSOCHAM has called for the removal of a coal tax in the upcoming budget, arguing it will help power-intensive sectors like aluminum stay competitive. The current tax, at 400 rupees per metric ton, has raised aluminum production costs by 32%, posing sustainability challenges despite India's large coal reserves. The NITI Aayog report also highlights the negative impact of high power costs on domestic aluminum producers.

2 months ago
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