SME Times is powered by   
Search News
Just in:   • Industry hails schemes for electronics manufacturing  • Chennai Petroleum writes down inventory of Rs 1,456 cr  • Masks, social distancing and no large gatherings: SOPs for malls  • Mumbai revs back to life in lockdown 5.0  • US stocks end mixed following disappointing data 
Last updated: 11 Jun, 2019  

Steel.9.Thmb.jpg Competitive steel sector to boost exports, MSMEs: Ministers

Steel.9.jpg
   Top Stories
» Industry hails schemes for electronics manufacturing
» Amid pandemic, no new scheme funding likely in FY21
» 6 times growth in IoT patents last 5 years
» RBI creates of Payments Infrastructure Development Fund
» 'Need to attract FDI in lending institutions to push MSMEs'
SME Times News Bureau | 11 Jun, 2019

Making the steel manufacturing sector competitive will help India's exports and manufacturing sectors, said Union Minister of Commerce & Industry Piyush Goyal and Steel Minister Dharmendra Pradhan.

In a discussion, both the Ministers assured the steel industry that Ministries of Commerce & Industry and Steel will make all efforts to ensure that engineering goods exports double in the next 5 years and reach USD 200 billion by 2030.

This will not only boost India’s exports but will also generate jobs in the manufacturing sector especially the MSME sector, they opined.

Although India is the second largest manufacturers of steel but India is also a net importer of steel.

Representatives of the steel industry and the Engineering Export Councils discussed in detail with Commerce and Steel Ministers the protectionist measures being imposed by other countries and the under-utilised capacity in steel manufacturing in India.

Goyal and Pradhan discussed at length the measures that both Commerce and Industry and Steel Ministry may take, both tariff and non-tariff, to reduce unnecessary imports and boost exports.

The MSME sector steel manufacturers urged steel producers to supply raw material at concessional prices so that the MSME sector can compete in international markets.

The meeting was also attended by high officials from both the ministries, all members of EEPCs, Indian Steel Association, steel makers and manufacturers and other associations of the steel sector.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 06 Jun, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Goa to reopen tourism sector: CM(1)
» 86% workers globally demand new skills training from employers: Survey(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter