SME Times is powered by   
Search News
Just in:   • Coal production from India's commercial mines jumps 16.4 pc in April-June quarter  • India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri  • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister  • Sanchez defends Spain's defence budget in response to Trump's threats 
Last updated: 11 Jun, 2019  

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

Steel.9.jpg
   Top Stories
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
» Stock market opens higher as Trump indicates ‘great’ trade deal with India
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
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter