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12/06/2019 11:22am

Govt will take all necessary measures to make MSMEs in steel sector competitive: Piyush Goyal

image Govt will take all necessary measures to make MSMEs in steel sector competitive: Piyush Goyal

New Delhi, June 12 (KNN) Government will take all necessary steps to make India’s steel manufacturing sector more competitive, said Union Minister of Commerce & Industry Piyush Goyal and Union Steel Minister Dharmendra Pradhan.

While discussing the challenges being faced by the steel sector, 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 Micro Small and Medium Enterprises (MSME) sector, they opined.

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

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.

Piyush Goyal and Dharmendra 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 meeting was attended by Piyush Goyal, Dharmendra Pradhan, Faggansingh Kulaste, MoS Steel, Secretary Steel, Binoy Kumar, Secretary Commerce, Anup Wadhawan, DGFT, Alok Vardhan Chaturvedi, senior officers of Department of Commerce and Steel Ministry, Chairman SAIL, all members of EEPCs, Indian Steel Association, steel makers and manufacturers and other associations of the steel sector.

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