Commerce and Steel
ministries of the government have assured the steel industry that they will
spare no effort to ensure that Engineering Exports of the country double in the
next five years and touch 200 billion US dollars by 2030.
Piyush Goyal and Steel Minister Dharmendra Pradhan have jointly discussed the
challenges being faced by the steel sector and the import-export trends with
steel producers in New Delhi on June Eleventh.
assure the steel industry the export to be doubled in next 5 yrs
Both the Ministers
assured the steel industry that Ministries of Commerce 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. Although India is the second largest manufacturers
of steel but India is also a net importer of steel.
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-utilized capacity in steel manufacturing in India.
discussed measures to reduce unnecessary imports and boost exports
Both the Union
Ministers 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
The meeting was
attended by Mr.Piyush Goyal, Mr.Dharmendra Pradhan, Mr.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 Engineering Export Promotion Councilss, Indian Steel
Association, steel makers and manufacturers and other associations of the steel