(MOREPIC1)Face2News/Ludhiana
Rajya Sabha MP from Ludhiana, Sanjeev Arora, on Friday raised concerns about the challenges faced by the bicycle manufacturing sector across the country in the budget session of Rajya Sabha.
In his address, Arora highlighted the significance of bicycles as the most healthy, environment-friendly, and widely accessible mode of transportation. He stressed that the industry is experiencing tough times and urged the concerned ministries to address key issues at the earliest.
Regarding the GST structure for bicycles and their components, Arora pointed out that bicycle parts currently attract 18% GST, non-electric bicycles 12%, and electric bicycles 5%. He stated, “The fragmented GST structure burdens manufacturers, discourages domestic production, and creates unnecessary financial hurdles.” He advocated for a uniform GST rate of 5% to promote the growth of this sustainable mode of transport.
(SUBHEAD)Additionally, he emphasised that bicycles designed for differently-abled individuals should be exempt from GST entirely, with the reduced rate applicable from parts to final production.
Arora also demanded the renewal of the Bicycle Development Council (BDC), a crucial inter-ministerial body under the DPIIT, Ministry of Commerce, whose renewal has been pending since 2021. He highlighted that the delay is hampering strategic growth and innovation within the sector.
Reiterating the importance of bicycles, Arora stated that they are not only an affordable means of transport but also play a vital role in sustainability and public health. He urged the government to urgently address these issues, streamline projects, and facilitate the industry's growth for the benefit of the nation.
It is noteworthy that Ludhiana, Arora's hometown, is a major hub for bicycle manufacturing. Since assuming office as a Rajya Sabha MP, he has been actively advocating for the industry's concerns in Parliament, as well as at the state and central government levels.
