New Delhi, April 3 -- Industry leaders and experts have welcomed the Centre's decision to grant a full customs duty exemption on critical petrochemical products in response to the ongoing conflict in West Asia.

The move, aimed at stabilising supply chains and reducing cost pressures on downstream sectors, is seen as a strategic intervention to protect domestic manufacturing.

According to experts, the temporary exemption, effective until June 30, 2026, provides essential relief to industries ranging from pharmaceuticals and textiles to automotive components.

The disruption in the Middle East has significantly impacted global logistics and energy prices, prompting the government to take these proactive measures. Sudarshan Jain, Secretary...