The move has the twin objectives of improving the quality of infrastructure and assorted hardware manufactured in the country, and putting curbs on cheap imports that hit domestic producers across the steel value chain.
The plan, once implemented, will bring 1,000 more grades of steel under the quality control order (QCO), in addition to 1,376 items currently under the norms.
The Bureau of Indian Standards (BIS) formulates standards for steel. The steel ministry issues QCO, which mandates that only quality steel conforming to the relevant BIS standard notified under QCO is produced in the country and imported from outside. Steel grades not yet covered by BIS standards are imported with a no objection certificate (NOC) from the steel ministry.
A steel ministry official said, "We are trying that in the next one year, we can bring all the grades, which are there, under BIS standards, so that poor quality steel does not get imported. It works both ways to regulate imports as well as to ensure the quality of the products. So that is the one non-tariff barrier we are working on. These are also part of the measures we are taking to ensure our industry remains competitive."
Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Bengaluru.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Bengaluru.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
HMPV: Centre asks states to step up surveillance of respiratory illnesses
Two suspected cases of the virus were reported from Nagpur, taking the total number to seven
Nvidia Unveils New Tech for Gamers
● Also announces first desktop PC
Samsung CEO touts AI fridges & washers
SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.
Only 1 in 5 Sees Household Income Rising in '25: Study
ONLY 24% OR 1 out of every 5 Indians expects their household income to rise in 2025, a survey released on Tuesday showed.
A boost to Act East policy
STRATEGIC ALLIANCES WITH GLOBAL BHARATIYAS
Orbit, Sanabil Launch Startups' Accelerator
ORBIT STARTUPS (ORBIT) and Sanabil Investments have launched an accelerator programme to cultivate early-stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as well as global startups seeking to expand into the region.
BPCL board clears ₹1K-cr MNGL IPO
THE BOARD OF state-owned Bharat Petroleum Company has given an in-principle approval for the listing of Maharashtra Natural Gas (MNGL)—its joint venture company with GAIL and Indraprastha Gas, the company said on Tuesday.
Growth engine runs out of steam
THAT REPRESENTS A loss of 6.4% growth over the period, against an average annual growth of 6%.
Vi planning phased 5G rollout, says CEO
VODAFONE IDEA is preparing for a phased 5G rollout, and will launch new tariff plans in 2025, the telco's CEO Akshay Moondra wrote to Vi customers in an emailed new year greeting.
The cost of consent
The proposed DPDP Rules challenge marketers to rethink strategy