Govt will take more steps to safeguard domestic steel industry: Narendra Singh Tomar

Govt will take more steps to safeguard domestic steel industry: Narendra Singh Tomar

On Sunday, Union Minister for Steel and Mines Narendra Singh Tomar said additional steps will be taken to protect domestic steel industry, which is facing a bad path in the wake of cheap imported steel from China.

“China was trying to dump its cheap steel in India and as a result of it, the domestic steel industry was in distress. To protect domestic industry, we enhanced import duty and imposed safeguard duty. But these steps were not enough and we will be taking additional steps in this regard”, Tomar Minister for Steel and Mines, said at the Industrial Engineering Expo 2016 in Indore.

According to Tomar, his ministry along with the Finance and Commerce ministries is engaged in a dialogue to work out the steps that need to be taken for protecting domestic steel industry in the near future.

“China is offering steel at half price compared to the domestic industry in India. The way China is working, it appears (that) an economic war was on,” he said. The Minister further said state-run steel production centres are being expanded and modernised and four new steel plants are being set up in Jharkhand, Odisha, Chhattisgarh and Karnataka.

Tomar said the Centre is also going to set up 6 to 7 plastic parks across the country. Meanwhile, on the imposition of President’s Rule in Arunachal Pradesh, he said that the Congress government in Arunachal Pradesh was reduced to a minority and the law and order situation became worrisome in that state.

“In such a situation, how could the (state) government rule,” he asked. The Minister also said this matter (regarding the imposition of President Rule in Arunachal Pradesh) was before the apex court and its decision on it would be “supreme”.

President Pranab Mukherjee had earlier this week given assent to the Union Cabinet’s decision to impose central rule in Arunachal Pradesh.

 

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