Surat, April 3 (IANS) The Central government has reduced the basic customs duty on more than 40 key petrochemical raw materials to zero for a period of three months, a move expected to ease cost pressures on Surat’s textile and plastics industries amid rising global input prices.The duty, earlier set at 7.5 per cent, has been cut to nil on materials including purified terephthalic acid (PTA) and monoethylene glycol (MEG), both critical inputs for man-made fibre production.The relief will remai…
Latest Southern Gujarat Chamber of Commerce and Industry News & Updates
Surat, March 29 (IANS) A high-level review chaired by Deputy Chief Minister Harsh Sanghavi in Surat on Sunday assessed gas supply, worker welfare and industrial operations across South Gujarat, as authorities moved to maintain stability amid the ongoing West Asia crisis. The meeting, held at the Integrated Command and Control Centre (ICC), brought together representatives from industrial associations in Surat, Ankleshwar, Vapi and Bharuch, along with senior state officials.Discussions focused on…
New Delhi, Jan 1 (IANS) Industry leaders on Thursday said they believe that India’s economic position will strengthen further in 2026, with exports expected to gain momentum due to free trade agreements signed with key countries. Speaking to IANS, they said policy stability and expanding global trade ties will help drive growth in the coming year.They also said that free trade agreements signed with countries such as Oman, New Zealand and the UK in recent months are expected to give a strong b…