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Business
PHDCCI Calls for Zero Duty on LNG, Naphtha in Upcoming Budget
✍️ Business Standard
🗓 10 Nov 2026, 07:46 PM
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The Pharmaceutical and Healthcare Development Council of India (PHDCCI) has urged the government to grant zero duty on liquefied natural gas, naphtha and other key feedstocks in the forthcoming budget.
PHDCCI has formally requested that the Union Budget include a zero duty regime for liquefied natural gas (LNG), naphtha and other essential feedstocks used in the pharmaceutical sector.
The council argues that removing import duties on these raw materials would lower production costs, making Indian drugs more competitive globally and improving affordability for patients.
Industry experts say that a duty waiver could reduce the cost of key active pharmaceutical ingredients (APIs) by up to 15%, potentially translating into lower retail prices.
The request comes as the government finalizes its budget proposals, with the finance ministry expected to announce the fiscal plan in the coming weeks.
The council argues that removing import duties on these raw materials would lower production costs, making Indian drugs more competitive globally and improving affordability for patients.
Industry experts say that a duty waiver could reduce the cost of key active pharmaceutical ingredients (APIs) by up to 15%, potentially translating into lower retail prices.
The request comes as the government finalizes its budget proposals, with the finance ministry expected to announce the fiscal plan in the coming weeks.