Our Bureau

New Delhi, March 1

The Federation of Indian Mineral Industries (FIMI) has welcomed the proposed duty structures for minerals in the Budget.

According to the federation, "now prices are high in non-ferrous metals and so duty reduction will not have much impact competition." "But duty cut in ores and concentrates will certainly be an advantage to the domestic industry, particularly copper. Also, the proposed changes in captive coal mining methods is a welcome step and could be the first step towards deregulation of coal," a FIMI official said.

(This article was published in the Business Line print edition dated March 2, 2006)
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