Centre Imposes 12% Safeguard Duty to Protect Indian Steel Industry

22 Apr 2025 CW Team

The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, has welcomed the government鈥檚 decision to impose a 12% safeguard duty on the import of certain non-alloy and alloy steel flat products. This move is designed to shield domestic steel manufacturers from the adverse effects of a surge in steel imports, ensuring fair competition within the market.

Minister Kumaraswamy stressed that the decision would provide essential relief to domestic producers, particularly small and medium-sized enterprises (SMEs), who have been under significant pressure due to the influx of imports. "This safeguard duty will help stabilise the market and restore confidence within the domestic industry," he remarked.

The Minister also expressed his gratitude to Prime Minister Shri Narendra Modi for his decisive leadership and ongoing support for strengthening key sectors under the Atmanirbhar Bharat initiative. Kumaraswamy reaffirmed the Ministry鈥檚 commitment to collaborating with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and competitive on a global scale.

Infrastructure Energy

01 Jul 2025

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services. ..

Equipment

01 Jul 2025

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Infrastructure Urban

01 Jul 2025

Amit Shah Inaugurates Key Projects Across Gujarat

Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..