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Steel Procurement from MSMEs to Save Rs 10,000 cr annually

Friday, June 08, 2018

The Indian MSME steel industry, which contributes about 57% of the country’s steel requirements, is growing fast and the Government of India has decided to support the home-grown MSME steel players which would also boost the domestic manufacturing capacity.

Chaudhary Birender Singh, Union Steel Minister, Government of India, announced a slew of support initiatives to the MSME Steel Sector while addressing a Seminar organised by Steel Re-Rollers Association of Maharashtra (SRAM).

 Yogesh Mandhani, President, Steel Ro-Rollers Association of Maharashtra SRAM, has welcomed the initiatives.

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