Budget 2026: STMAI urges PLI scheme for seamless pipe exports; calls for higher customs duty

The Seamless Tube Manufacturers’ Association of India (STMAI) has urged the government to implement a 10% production-linked incentive on exports and increase customs duty on seamless pipe imports to 20%. This call comes amid a significant surge in imports from China, which are undercutting domestic producers and impacting capacity utilization.