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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..