On Saturday, the Central Government proposed increasing in import duty. Consumers can expect to pay more for imported food and grocery items, shoes, ceiling fans, wooden furniture, kitchen appliances as much as 100% on some of them to encourage local producers.
‘Make in India’ has been the priority of the government for greater value addition and employment generation in the country.
Below are some of the beneficiary of hike in import duties.
Bata:
Government decision to increase import duties on footwear from 25 to 30 % to be benifit.
Hawkins:
Government decision to increase import duties on kitchenware from 10 to 20%
Orient electric:
Government decision to increase import duties on household appliances from 10 to 20%.
Disclaimer: Please make your own research before making any investment decision.
