Today, India is the second largest steel producing country, and it is on course to become the second largest consumer of steel globally. However, India is only at ninth position in the world when it comes to steel exports. Shri XYZ, Joint Secretary at Ministry of Commerce, set out to explore reasons for this variance and to harness the export opportunities available to India’s Steel Manufacturers. The stakeholder consultation revealed that upgradation of Indian Standards in steel sector by Bureau of Indian Standards, the National Standards Body of India, may hold the key to increasing the quality of Indian Steel to meet the criteria set by importing countries. During the process of primary and secondary survey, several options for upgradation of Indian Steel Standards like adoption of International Standards and amendment of indigenous Indian Standards for inclusion of popular international grades were presented to Shri XYZ. However, these options had their pros and cons and a fine balance between protecting MSME sector with technological bottlenecks and fueling India’s steel export interests had to be arrived at.

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Last Updated on अक्टूबर 2, 2021