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A European industry lobby group has urged India to exempt a 10% import duty on glass bottles and aluminum cans.
European alcohol giants have requested India to waive a 10% import duty on packaging.
KEY POINTS
- The request is driven by fears of glass bottle and aluminum can shortages due to the Iran conflict.
- Local Indian packaging manufacturers are operating below capacity, worsening supply constraints.
- Sourcing packaging from alternative countries could increase industry costs by up to 30%.
COMPANIES
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