Steel Ministry Seeks Probe into Imports

02 Aug 2024 CW Team

The Ministry of Steel has initiated an investigation into the influx of cheaper steel imports from China and Vietnam. This move aims to address concerns about potential dumping practices affecting the domestic steel industry.

The probe comes amidst growing scrutiny over the impact of low-cost imports on local manufacturers, who face increased competition and pricing pressures. The steel sector, a critical component of India?s infrastructure and construction industries, has been grappling with challenges related to import pricing and market fairness.

By seeking a thorough investigation, the Steel Ministry aims to ensure that trade practices align with international norms and safeguard the interests of Indian steel producers. The inquiry will assess whether the imported steel is being sold below market value and whether such practices are detrimental to the local industry.

The outcome of this probe could influence future trade policies and protective measures for the Indian steel industry, potentially leading to adjustments in import duties or anti-dumping regulations to level the playing field.

This investigation highlights the ongoing efforts to balance trade dynamics and support domestic industries amid global market fluctuations.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..