Cheap imports hurting industry

5 giugno 2010

The sharp surge in steel imports from China and other countries that have signed the Free Trade Agreement (FTA) with India is hurting the prospects of Indian companies, said Sajjan Jindal, Chairman of JSW Steel. Fjallraven Kanken No.2 Speaking at the company annual general meeting on Tuesday, he said an unprecedented increase in imports is cheap jerseys causing injury to the domestic steel industry, since steel is being shipped at a lower price for the export market. nike air max pas cher Though outlook of the domestic steel industry remains robust, it requires intervention of policy makers to remove constraints such as ease of doing business, land acquisition, environmental clearances, resource allocation, availability of finance at competitive rates and infrastructure bottlenecks, he said. nike air max 2017 goedkoop The Mines and Minerals Development and Regulation Amendment Act, recently passed by Parliament, enables transparent auction of iron ore mines, said Jindal. The global steel industry is currently reeling under the impact of rising steel exports from China, weak demand, and volatile currency movements. sac fjallraven kanken pas cher In addition, the domestic iron ore availability remained bleak and pricing was not fully aligned to global benchmarks. This impacted the domestic steel industry competitiveness and margins were affected last year. Marcus Mariota Oregon Football Jerseys For Indian players, Jindal said, the challenges were sluggish domestic demand due to delay in revival of investment cycle and infrastructure spending, domestic iron ore supply being priced higher than seaborne markets, dumping of steel into India by steel surplus countries like China, Russia, Japan and Korea, and finally, a stable rupee wiping out India competitiveness in the export market. Nike Air Max 2017 Heren Without announcing any fresh capital investment, Jindal said the company would focus on tapping new markets and expanding its presence within the country. nike air max 2016 zwart Is it legal to buy viagra online in ireland expansion projects at Dolvi and Vijayanagar underway, we look forward to consolidating our leading position in the year ahead, he said. new balance homme rouge (This article was published on July 28, 2015) Following are the highlights of Union Budget 2017 18, presented by Finance Minister Arun Jaitley in Parliament today: Tax rates halved to 5% for income of Rs 2.5 5 lakh, tax slabs unchanged 10% surcharge on people earning between Rs 50 lakh 1 cr 15% surcharge on annual income above Rs 1 cr to continue Cash transactions above Rs 3 lakh banned Corporate tax for SMEs with turnover up to Rs 50 cr cut to 25%; 96% companies to benefit Customs duty of LNG halved to 2.5% Fiscal deficit pegged at 3.2% next year, 3% in FY’19 Political parties barred from accepting cash donation beyond Rs 2,000 per individual. nike air max 2017 goedkoop They can receive donations via cheques, electronic mode; electoral bonds to be issued by RBI Aadhaar based health cards for senior citizens; a scheme for them to ensure 8 per cent guaranteed returns.

Altri articoli

Lascia un commento