Strategies for Reducing Dependence on Steel Imports
The Indian Ministry of Steel has outlined strategies to reduce the country's dependence on steel imports, emphasizing the promotion of domestic production through various policies and incentives. Key measures include the implementation of the Domestically Manufactured Iron & Steel Products Policy, the Production Linked Incentive Scheme for Specialty Steel, and the introduction of a Steel Quality Control Order. Additionally, the government has made changes to customs duties and implemented anti-dumping measures to support local manufacturers and enhance the competitiveness of the domestic steel industry.
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