Tariff hike to support domestic manufacturing: Ganesh Kumar Gupta, President, FIEO - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Friday, September 28, 2018

Tariff hike to support domestic manufacturing: Ganesh Kumar Gupta, President, FIEO

Tariff hike to support domestic manufacturing: Mr. Ganesh Kumar Gupta, President, FIEO

Reacting to increase in tariff on consumer goods, Mr Ganesh Kumar Gupta, President, FIEO said that the higher tariff coupled with depreciating Rupee will provide double protection to domestic industry and enable it to compete with imports with a view to reduce it and bridge the widening trade deficit. It will give a push to Indian manufacturing as well.

However, the increase in duty on ATF is a cause of concern, as it may hike the passenger airfare as ATF is a key factor in determining the price added FIEO Chief.  


Tariff hike to support domestic manufacturing: Ganesh Kumar Gupta, President, FIEO Reviewed by S. Chitra on September 28, 2018 Rating: 5 Tariff hike to support domestic manufacturing: Mr. Ganesh Kumar Gupta, President, FIEO Reacting to increase in tariff on consumer goods...

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