New Delhi, Feb 8 (KNN) The import duty hike in 45 items announced in the Budget will not only get revenue to the government but will also give push to the micro, small and medium enterprises (MSMEs) who are in a position to make many of these items, Finance Secretary Hasmukh Adhia has said.

"First of all, it (import duty hike) is not for collection of revenue because the import of these items are not too much and we are not getting too much of revenue. At the most, we will get something like Rs 6,000-7,000 crore on account of extra import duty," Adhia said while interacting with media recently.

He said the government wanted to give some comfort to MSME who are in a position to make many of these items, hence the import duties have been imposed.

"We have a phased manufacturing programme in electronic manufacture industry for which increasingly we will be putting more duty on the final product, then on second level of spare part and third level of spare part," he said.

The idea is to encourage assemblers to make more and more components in India. (KNN Bureau)