You are here: Home » Economy & Policy » News
Business Standard

Sajjan Jindal calls for unity among industrialists to curb Chinese imports

Referring to the recent clash between Indian and Chinese troops in the Galwan Valley, he said the action is a result of what China did on Indian soil

Topics
Sajjan Jindal JSW Steel | India China border row | China import

Press Trust of India  |  New Delhi 

Sajjan Jindal
Sajjan Jindal, CMD of JSW Group, asks Indian industrialists to unite in responding to China.

Calling for unity among industrialists to stop imports from China, JSW Group chief Sajjan Jindal on Monday said business cannot go as usual while Indian soldiers get killed at the border by the Chinese.

His son Parth Jindal, who looks after the cement business of the USD 14-billion group, had on Thrusday said that his business would stop USD 400 million worth annual imports from China in the next 24 months.

Referring to the recent clash between Indian and Chinese troops in the Galwan Valley, he said the action is a result of what China did on Indian soil.

"We cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC (the line of actual control) by them," said Sajjan Jindal In a statement. 

He said a lot of his 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.

The industrialist further said that this is an opportunity for all to come together and push for a stronger Atma Nirbhar Bharat.

Let us support our domestic producers in achieving quality and scale. We have to show loyalty to our own products. We have to support our armed forces and government and prove that we stand with them in this fight against Chinese," he added.

A company official had last week estimated that over 70-80 per cent of imports for the USD 14-billion JSW Group takes place for its steel and energy businesses which includes machinery and maintenance equipment.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, July 06 2020. 13:41 IST
RECOMMENDED FOR YOU
.