India Reduces Customs Duties to Support Local Manufacturing and Competitiveness

The Indian government has reduced customs duties on various inputs across sectors including durables, aviation, capital goods, nuclear power, and renewable energy to lower manufacturing costs and boost local production. These exemptions aim to enhance domestic value chains, reduce dependence on imports, and improve export competitiveness amid upcoming free trade agreements. Officials emphasize the strategic, sector-specific approach behind the cuts, highlighting support for MSMEs and industries like leather and seafood processing, while also promoting energy security and cleaner fuel transitions.