Sajjan Jindal urges co-industrialists to source locally, shun Chinese goods

Currently, JSW Group imports material worth $400 million from China but aims to bring it down to nil over the next two years

A few days after his son lashed out at imports from China, Sajjan Jindal, chairman of the $12-billion JSW Group, blamed the complacency of the domestic industry for increased dependency on cheaper Chinese imports.

“A lot of my friends and co-industrialists are upset as their business with China is important to maintain healthy margins and continuity. But this situation has come because of our complacency in blindly accepting cheaper imports from China rather than developing our own domestic vendors,” Jindal said today via company statement.

Currently, the JSW Group imports material worth $400 million from China but aims to bring it down