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Stainless steel industry seeks import duty cut on key raw materials

The Indian stainless steel industry has urged the Union Government to slash the existing import duties on key raw materials in the upcoming Union Budget 2021-22.

Stainless steel industry seeks import duty cut on key raw materials

ISSDA seeks exemption of the 2.5 per cent basic customs duty levied while importing key raw materials

Appetite for dust control systems is growing

Spraystream describes itself as a leading global player in dust control, cooling and misting systems to optimally address issues of industrial odour and dust.

Poor Assessment of Triggers

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.

National Capital Goods Policy 2016

The National Capital Goods Policy 2016 has been the talking point for some time now. It is a policy that is not short on intent. It is conclusive but not entirely comprehensive. Some critical elements have been surprisingly left out.

Used excavator market has a huge potential worldwide

Based on revenues, earth moving holds the largest share in the construction equipment industry (62.1 per cent). Major market Players in excavator market are CAT, L&T Komatsu and Tata Hitachi.

Tunnel Boring Machines

Bored tunnels using Tunnel Boring Machines (TBMs) are the future for India?s urban and other infrastructure development initiatives. The Robbins Company designed and manufactured the world?s

Gaining Traction

With a major thrust on infrastructure development by the government, coupled with the ?Make in India? programme, the Indian telehandler industry is poised for an unprecedented and exponential growth.

Off The Road (OTR) tyres rolling

Having recognised the huge potential in the immediate and distant future, once again the Indian tyre industry has focused on introducing new sizes and variants of OTR tyres.

Uplifting Future

Advanced material handling and warehousing equipment have a vital role that can help speed up the efficiency of logistics industry. More focus on palletisation and the opening up of retail segment

Heavy Lift Anablers

India has witnessed an influx of new software-assisted multiple application-specific boom configured heavy lifters. Despite the economic slowdown taking the wind out of the sail for the heavy lift cranes? suppliers

Used excavator market has a huge potential worldwide

Based on revenues, earth moving holds the largest share in the construction equipment industry (62.1 per cent). Major market Players in excavator market are CAT, L&T Komatsu and Tata Hitachi.

Budget fails to address rubber sector?s woes

Since the Budget 2015-16 did not address any of its grievances, the rubber sector is now reeling under a price crash that has made survival for small plantations difficult.

OEMs should introduce more fuel-efficient engines

It is a challenge to get and sustain drivers, and more difficult to get highly skilled drivers. Having skilled drivers are advantageous as it helps save fuel and reduce accidents.

High Tech Generators

Powering construction sites, hospitals, shopping centres and homes, generators currently fill the gaps and stand in during the frequent power outages that the Indian national grid can't contain. With such poor reliability, generators are an essential source of power for the Indian community. Douwe Hilarius throws some light on the matter.

CIL meets over 90% of its supply commitment: Govt

The Union Minister of State for Coal Pratik PrakashBapu Patil has recently said in the Rajya Sabha that the Coal India (CIL) has been meeting more than 90 per cent of its supply commitment as against the annual plan target finalised by the Ministry of Coal/Planning Commission. The gap between demand and supply of coal in the country is to be met through coal imports, he added.

We expect to add another 6-8 retreading plants in the next three years

In India, there is no incentive for retreading. In fact, we are burdened with VAT and service tax, says Karun Sanghi, Managing Director, Tyresoles India. Excerpts from the interview.

Anti-dumping duties on cheap and dumped tyres need to be more stringent

Ever since liberalisation, the Indian tyre industry has shown its mettle and has progressed rather rapidly against all odds. The industry is capable of taking all the challenges in its stride. However, the industry is asking for a level playing field with its counterparts in China and other countries,

Hits & misses

Even though the recent Budget left much to be desired, the initiatives announced in it and the measures taken outside it, together are expected to boost the demand for construction equipment (CE). To our surprise, the Budget was non-committal on the reduction of import duty for critical equipment and machinery.

Coal importers evade duty via false classification

The Directorate of Revenue Intelligence (DRI) in Gujarat detected around Rs 600 crore of import duty evasion by coal importers by falsely classifying coal in 2012-13. These coal importers have allegedly evaded duty by reporting bituminous coal imports as steam coal. Earlier, the government waived customs duty on steam coal and imposed only a concessional countervailing duty (CVD

Maco's core strength is its industrial penetration.

We have the AWP products of Terex in our range; apart from these, we also have spider lifts from Platform Basket, Italy, says Ketan Patel, Managing Director, Maco Corporation. Basically we are a diversified industrial company. Maco's core strength is its industrial penetration.

Ban(e) or Boon

The government has finally woken up to the fact that the unbridled import of used equipment has been eroding the competitiveness of the manufacturing sector and so, have decided to ban import of machinery more than five years old.

Assocham against higher import duty

Industry body Assocham said that any move to hike import duty on power equipment will send negative signals to the country's trade partners.The chamber also said the move would affect investment climate in the key sectors.

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