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All measures to make steel manufacturing sector competitive: Piyush Goyal

Capital Market 

Commerce and ministers meet industry representatives

Union of Commerce & Industry and Railways and discussed the challenges being faced by the and the import-export trends with Both the Ministers assured the 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 US$ 200 billion by 2030.

This will not only boost India's exports but will also generate jobs in the especially the MSME sector.

Although is the second largest manufacturers of steel but is also a net importer of steel. Representatives of the and the Engineering Export Councils discussed in detail with Commerce and the protectionist measures being imposed by other countries and the under-utilised capacity in in

Piyush Goyal and Dharmendra Pradhan discussed at length the measures that both Commerce and Industry and may take, both and non-tariff, to reduce unnecessary imports and boost exports.

The MSME urged to supply raw material at concessional prices so that the MSME sector can compete in international markets.

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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 12 2019. 12:17 IST