Team Blitz India
NEW DELHI: Finance Minister Nirmala Sitharaman said on March 27 that the imposition of tariffs is not the permanent stance of the Government and that caliberations are being made on the policy.
Speaking at theBusiness Standard Manthan, Sitharaman said that the increase of tariffs do help the industry to grow within the country, and the decisions on these are driven by the fact that Centre thinks India cannot afford to have cheap imports coming in.
“But if your production is not of a certain quality, or cost competitive, obviously you’d have to face the music and artificial protection creating efficiencies can be supported and we are conscious of them,” she said.
“So, there are calibrations being done in this policy, keeping India’s capacities where you can grow, where you can become more efficient, in mind. We do want to give this protection but for some time and not sort of permanently shut the door off. That’s not a permanent stance.”
