business / news / / Reuters
The Federation of European Business in India wrote to the Indian government on April 2.
European drinks companies have requested a temporary exemption from India's 10% import duty on packaging.
KEY POINTS
- India's alcohol industry faces up to a 15% cost increase due to higher raw material prices.
- Domestic supply of glass bottles and aluminum cans has dropped sharply due to the Middle East crisis.
- Indian beer companies warn they may run out of cans and bottles starting from May.
- Importing packaging from alternative countries could increase costs by 30% for the industry.
COMPANIES
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