Enhanced Import Duty on Bamboo Sticks to give a big boost to Agarbatti and Bamboo Industries in India: KVIC

Financial Awareness

The Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% will open up new avenues of self-employment in the country. Welcoming the decision in a statement issued today, Khadi & Village Industries Commission(KVIC) has said that, in the next 8-10 months, at least one lakh new jobs will be created in the Agarbatti industry, a major activity under the village industry sector in India, according to industry players.

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