Port seeking lower import duties and more incentives

Looking ahead: Sasedharan says lower import duties on heavy machinery and cranes would help ports to reduce their operating expenditure.

GEORGE TOWN: It will be good if the government can reduce import duties for heavy machinery and give incentives to create new industrial and free trade zones in Budget 2019, says Penang Port Sdn Bhd chief executive officer V. Sase­dha­ran.

He said a reduction in import duties on heavy machinery and cranes would greatly help ports to reduce their operating expenditure.