New Delhi, February 2025 β The Union Budget 2025-26 has introduced key measures that will reduce costs, boost exports and encourage innovation in the paints and coatings industry. With customs duty rationalization, increased export support and a growing infrastructure push, businesses in this sector are set for a strong year ahead.
π’οΈ 1οΈβ£ Lower Raw Material Costs
β’ Customs duty rationalization for industrial goods, might make imports of key raw materials like titanium dioxide, pigments and specialty resins cheaper.
β’ One cess or surcharge policy, ensuring a more stable tax structure for manufacturers.
β’ Duty-free inputs for industries, benefiting paints and coatings reliant on high-quality imported chemicals.
π‘ How it helps: Lower input costs = Better profit margins!
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π 2οΈβ£ Exporters Get a Boost
β’ BharatTradeNet, a new digital platform for seamless trade documentation & export financing.
β’ Export Promotion Mission to simplifyand credit access for businesses selling paints, coatings and chemicals globally.
β’ Rebate on State & Central Taxes & Levies (RoSCTL) increased to support paint exports.
π‘ What this means: If youβre exporting paints or coatings, you now get better financing, faster paperwork and cost reductions!
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ποΈ 3οΈβ£ Construction & Infrastructure Growth = More Demand for Paints
β’ βΉ1.5 lakh crore interest-free loan for states, leading to new urban development projects.
β’ Extension of Jal Jeevan Mission till 2028, driving demand for protective coatings & corrosion-resistant paints.
β’ βΉ25,000 crore Maritime Development Fund, boosting shipbuilding & industrial coatings.
π‘ Why it matters: More buildings, infrastructure and ships = Higher demand for paints & coatings!
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π 4οΈβ£ Green & Sustainable Paints Get a Push
β’ Tax benefits for R&D in eco-friendly & low-VOC paints.
β’ Incentives for sustainable manufacturing, making it more affordable to invest in green paints & coatings.
β’ PLI schemes extended, supporting innovations in energy-efficient coatings.
π‘ Next step: If your business is moving towards sustainable coatings, now is the best time to invest in R&D!
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π The Verdict: A Strong Year for Paints & Coatings!
With lower raw material costs, easier exports and rising infrastructure demand, paint and coating manufacturers are well-positioned for growth in 2025.
β Optimize sourcing β Take advantage of custom duty reductions.
β Expand exports β Use BharatTradeNet & export incentives to scale globally.
β Invest in green paints β Leverage new tax incentives & R&D support.
This budget paints a bright future for the industry!
(Report – Industrial Front Business Desk)