Goyal implores steel producers to attend to the cost concerns of small industries.
CNBC
India
14-12-2023
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Piyush Goyal, the Union Minister of Commerce and Industry, urged steel producers to consider ways in which they can provide assistance to small industries that rely on steel for the production of parts and other engineering products on Thursday. Goyal instructed representatives of the steel industry to evaluate manufacturing costs and look into ways to help small businesses during a meeting on Thursday in New Delhi. The purpose of the meeting was to discuss the concerns expressed by exporters and small businesses regarding the cost of steel inputs. Goyal stated that "special care of MSMEs needs to be taken for easier and cost effective supply of steel". Stakeholders in the steel industry, for their part, pledged to assist small and medium-sized businesses and exporters, as well as reassure them that they will find reasonably priced ways to overcome any obstacles they may face, particularly in the wake of COVID-19.
Additionally present at the meeting were Union Steel Minister Ram Chandra Prasad Singh, MSME Minister Narayan Rane, SAIL Chairperson Soma Mondal, CMD Atul Bhatt of Rashtriya Ispat Nigam Ltd, CMD Sajjan Jindal of JSW Steel Ltd, and CEO and MD of Tata Steel TV Narendran.