Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Sajjan Jindal calls for unity among industrialists to curb Chinese imports

Date: 06-07-2020
Subject: Sajjan Jindal calls for unity among industrialists to curb Chinese imports
New Delhi: Calling for unity among industrialists to stop imports from China, JSW Group owner Sajjan Jindal on Monday said business cannot go as usual while Indian soldiers get killed at the LAC by the Chinese. On Thursday his son Parth Jindal, who looks after the cement business of the USD 14-billion group, had said that the group would stop USD 400 million worth annual imports from China in the next 24 months.

Referring to the recent clash between Indian and Chinese troops in the Galwan Valley, he said the action is a result of what China did on Indian soil.

In a statement, Sajjan Jindal said, "we cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC (the line of actual control) by them."

He said a lot of his friends and co-industrialists are upset as their business with China is important to maintain healthy margins and continuity, but this situation has come because of our complacency in blindly accepting cheaper imports from China rather than developing our own domestic vendors.

The industrialist further said that this is an opportunity for all to come together and push for a stronger Atma Nirbhar Bharat .

"Let us support our domestic producers in achieving quality and scale. We have to show loyalty to our own products. We have to support our armed forces and government and prove that we stand with them in this fight against Chinese," he added.

A company official had last week estimated that over 70-80 per cent of imports for the USD 14-billion JSW Group takes place for its steel and energy businesses which includes machinery and maintenance equipment.

Source:- economictimes.indiatimes.com

INFODRIVE INDIA Copyright 1996-2017 InfodriveIndia. All Right Reserved

The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help