SAIL Chairman Advocates Steel Import Tariffs

10 Oct 2024 CW Team

The chairman of Steel Authority of India Limited (SAIL) has emphasized the need for India to impose tariffs on steel imports to protect domestic producers from rising competition. This recommendation comes amidst concerns about the adverse effects of cheap steel imports on local manufacturers, which have been struggling to compete with lower-priced foreign products. Implementing tariffs could help stabilize the domestic steel industry, promoting growth and ensuring that local manufacturers can thrive amid global competition.

The chairman argues that by levying tariffs, the government would not only safeguard the interests of domestic steel producers but also encourage investments in the sector, leading to increased production capacity and job creation. He believes that a robust domestic steel industry is crucial for India's overall economic growth, especially as the country aims to enhance its infrastructure and manufacturing capabilities.

Additionally, the proposed tariffs could help balance the trade deficit by reducing reliance on imported steel, fostering self-sufficiency in the long run. Industry stakeholders are keenly watching the government’s stance on this issue, as it has significant implications for the future of the steel sector in India. By addressing import competition, India can work towards a sustainable and competitive steel industry, ensuring that local businesses can contribute effectively to the nation's economic landscape.

As discussions continue, the focus remains on finding solutions that support both growth and sustainability within the steel industry, enabling it to meet domestic demands while fostering a resilient economy.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..