Ne­go­ti­a­tions on with US over tar­iff im­posed on steel im­ports:

Assocham Bulletin - - INDUSTRY - - Chaud­hary Biren­der Singh Union Steel Min­is­ter

The Gov­ern­ment is hold­ing ne­go­ti­a­tions with the US on 25 per cent im­port tar­iff im­posed on steel, Union Steel Min­is­ter Chaud­hary Biren­der Singh said at an ASSOCHAM event held in New Delhi.

"Ne­go­ti­a­tions are still go­ing on there may be some sort -of un­der­stand­ing, (but) if we have to take cer­tain steps to safe­guard our in­ter­est, we will cer­tainly take," said Mr Singh while in­au­gu­rat­ing an ASSOCHAM Steel Summit held in New Delhi.

He also said that the is­sue likely to be dis­cussed at the Global Fo­rum on Steel Ex­cessCa­pac­ity to be held in Paris on Septem­ber 19-20."Ac­tu­ally that con­fer­ence is on how to cur­tail the ex­cess pro­duc­tion to avoid im­bal­ance in trade but this is­sue will also crop up there."

Mr Singh said that while In­dia is on its way to be­come world's sec­ond largest steel pro­ducer and will be the leader in con­sump­tion growth in the world in next 5-10 years but it will have to fo­cus on value ad­di­tion and pro­duc­tion as per coun­try's re­quire­ments.

"At­tain­ing cost leadership, achiev­ing best qual­ity stan­dards, pro­duc­ing wide range of prod­ucts and max­i­mum value ad­di­tion will be cru­cial for main­tain­ing our leadership po­si­tion in the global steel in­dus­try," said the Union Min­is­ter.

Talk­ing about the global chal­lenges be­ing faced by

In­dia's steel sec­tor, Mr Singh high­lighted trade is­sues with the US and Eu­ro­pean Union (EU), sud­den change in Ru­pee ex­change value, dump­ing of steel by other coun­tries and fluc­tu­a­tion in raw ma­te­rial prices.

"At home lo­gis­tics and trans­porta­tion of raw ma­te­rial and fin­ished prod­ucts, up­com­ing ex­piry of min­ing li­cences in 2020 and re­sul­tant auc­tion of mines and oth­ers are few of the chal­lenges," he said.

The Min­is­ter fur­ther said that Gov­ern­ment is aware of the chal­lenges which are dy­namic and large-scale, and is work­ing in tan­dem with other stake­hold­ers to over­come the same. "Our Min­istry is keep­ing a close watch on in­ter­na­tional de­vel­op­ments af­fect­ing steel mar­ket and are in con­stant touch with Min­istry of Com­merce and Fi­nance Min­istry to take re­me­dial mea­sures as and when re­quired as we have done in the past."

High­light­ing the need to in­crease ex­ports and de­crease im­ports, he said, "That is pos­si­ble only if our prod­ucts are com­pet­i­tive and meet the price qual­ity and de­liv­ery re­quire­ments."

He added that In­dia will have to go much be­yond the min­i­mum stip­u­lated qual­ity stan­dards to be­come top qual­ity steel pro­ducer. "Steel pro­duc­ers in In­dia both big and small, will have to move to clean and green tech­nolo­gies to at­tain self-suf­fi­cien­cynot only in steel pro­duc­tion but also in build­ing equip­ment and ma­te­rial for

mak­ing steel plants is crit­i­cal."

The Min­is­ter fur­ther said that In­dia should pro­mote in­no­va­tion in­stead of tech­nol­ogy trans­fer and en­cour­age sci­en­tists and en­gi­neers to move in dif­fer­ent direc­tion.

In his ad­dress, ASSOCHAM pres­i­dent, Mr San­deep Ja­jo­dia lauded the Gov­ern­ment of In­dia for tak­ing num­ber of

proac­tive mea­sures to en­sure rapid growth of In­dian steel sec­tor.

Shar­ing his per­spec­tive, ASSOCHAM's sec­re­tary gen­eral, Mr Uday Ku­mar Varma said that In­dian steel in­dus­try has good prospects for com­ing years, more so look­ing at the gov­ern­ment's thrust on pro­mot­ing in­no­va­tion along with re­search and devel­op­ment.

~--+----;.Lamp Light­ing (ASSOCHAM IN­DIA STEEL SUMMIT 2018), (L to R) Mr. Uday Ku­mar Varma, Sec­re­tary Gen­eral, ASSOCHAM, Mr. San­jiv Dheer, Busi­ness Head-Seam­less Di­vi­sion, Jin­dal Saw Ltd, Mr. Chaud­hary Biren­der Singh, Hon'ble Union Min­is­ter of Steel, Gov­ern­ment of In­dia, Mr. San­deep Ja­jo­dia, Pres­i­dent, ASSOCHAM

(L to R) Mr. San­jiv Dheer, Busi­ness Head-Seam­less Di­vi­sion, Jin­dal Saw Ltd, Mr. San­deep Ja­jo­dia, Pres­i­dent, ASSOCHAM, Mr. Chaud­hary Biren­der Singh, Hon'ble Union Min­is­ter of Steel, Gov­ern­ment of In­dia, Mr. Uday Ku­mar Varma, Sec­re­tary Gen­eral, ASSOCHAM

(L to R) Ms. Ruchika Chaudhry Govil, Joint Sec­re­tary, Min­istry of Steel, Gov­ern­ment of In­dia, Mr. Ran­jan Bhat, Se­nior Gen­eral Man­ager, Mar­ket­ing-DI, Jin­dal Saw Ltd.

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