The Indian government has taken significant steps to safeguard the domestic steel industry from the influx of low-quality imports. Recently, the government has identified instances where importers have attempted to circumvent quality standards by subtly altering steel grades. The government has implemented a robust quality control regime to ensure that only high-quality steel enters the Indian market. This includes mandatory BIS certification for most steel grades and the requirement of a No Objection Certificate (NOC) from the Steel Ministry for grades not covered by BIS standards.
By implementing these measures, the government aims to protect domestic steel producers from unfair competition and ensure the supply of high-quality steel to various sectors of the economy. This is crucial for the growth of key industries like construction, infrastructure, and manufacturing, which rely heavily on steel as a key input material.
Moreover, the government's initiative is expected to stimulate innovation and technological advancement within the domestic steel industry. By promoting the production of high-value-added steel products, the government aims to enhance India's position as a global steel powerhouse.
We use cookies to ensure you get the best experience on our website. Read more...
