India's steel industry wants a 25 percent safeguard duty placed on all steel imports as steel products sourced from countries with whom India has a free trade agreement (FTA) have risen substantially, a senior executive from JSW Steel said on Monday.
"India's imports from FTA partners rose 77 percent (in the current fiscal)," said Seshagiri Rao, JSW's joint managing director and group chief financial officer.
Rao reiterated a longstanding industry demand to not include steel as part of the Regional Comprehensive Economic Partnership (RCEP), a China-initiated free trade zone among countries that will encompass 45 percent of the world's population.
First Published: Sept 23, 2019 3:47 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM