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India Avoided INR 20,000 Crore worth Steel Imports through DMISP - Minister

Steel News - Published on Tue, 30 Jun 2020

Image Source: DMISP
PTI reported that India’s Steel Minister Mr Dharmendra Pradhan said that India has avoided steel imports worth over INR 20,000 crore following Domestically Manufactured Iron And Steel Products Policysince its launch in 2017. He said “Through the DMISP Policy, we are giving a boost to domestic sourcing of iron and steel products by central government organisations by mandating preference. Through this DMISP Policy, steel imports worth over INR 20,000 crore have so far been avoided.”

The minister also said the government's thrust on infrastructure development will have a positive bearing on driving steel consumption in the country. He said “The national infrastructure plan of NR 102 lakh crore will generate steel demand across sectors like civil aviation, roads, railways, energy etc, and the government will continue to promote maximum usage of home-made steel in projects that would come in these industries.”

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Posted By : Yogender Pancholi on Tue, 30 Jun 2020
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