Jindal Stainless Managing Director Abhyuday Jindal calls for protectionist measures to curb cheap stainless steel imports and safeguard the interests of local players.
Jindal emphasizes the importance of protecting the country against unfair trade practices in the steel industry, citing examples of protective measures adopted by other nations like the US and Europe.
India has sufficient stainless steel production capacity but still relies on imports for about 30% of consumption, impacting domestic investments and utilization levels.
Jindal advocates for a separate National Stainless Steel policy and taxonomy to support the growth of the domestic stainless steel sector, highlighting the need for a conducive policy environment and sustained demand momentum.