Trade delegation meets Smt. Nirmala Seetaraman for rethink on safeguard duty
Mumbai, 1st October 2015: The
Honorable Commerce Minister, Smt. Nirmala Seetharaman met a delegation led by
Smt. Jaywantiben Mehta, ex Union Minister of state for Power and including
representatives from Federation of Associations of Maharashtra (FAM), Bombay
Iron Merchant’s Association (BIMA), Thane Small Scale Industries Association
(TSSIA), Chamber of Small Industries Association (COSIA), representatives of
Nippon Steel & Sumotomo Metal/Japan and Marubeni Itochu Steel/Japan on 29th
September 2015.
Smt. Jaywantiben on behalf of all and
delegates of each association and company presented a detailed list of
difficulties that imposition of safeguard duty on hot rolled coils has created
and provided their reasoning as to why the same needs to be relooked in the
interest of industrial growth.
It was specifically highlighted that the SME
& MSME would suffer tremendously as against the protection provided to
large steel plants. The delegates had long discussion and the
Honorable Minister informed them that the government of India will look into
the issue.
She also advised that a meeting should be
requested with the Finance Ministry.
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