Agriculture

Enhanced Import Duty on Bamboo Sticks is a Boost to Agarbatti and Bamboo Industries in India: KVIC

KVIC said that the decision was taken by the Finance Ministry on the initiative of Union Minister for MSME, Shri Nitin Gadkari who had requested the Prime Minister Shri Narendra Modi to increase the import duty on bamboo sticks to discourage heavy import and help local industry grow. The decision assumes great significance as heavy import of bamboo sticks from China and Vietnam caused huge employment loss in India.