Pipe Makers Seek Eased Steel Imports
Steel

Pipe Makers Seek Eased Steel Imports

Line pipe manufacturers in Kutch, Gujarat, are urging the Indian government to ease restrictions on steel imports to support the growth of the region's pipeline industry. The Line Pipe Manufacturers Association has raised concerns about the current challenges faced by the industry, including limited access to high-quality steel, which is a crucial raw material for manufacturing pipes used in infrastructure projects.

Kutch, which is home to several major pipe manufacturing units, plays a significant role in supplying pipes for various sectors, including oil and gas, water supply, and industrial projects. However, manufacturers are struggling with a shortage of steel, particularly specific grades required for high-performance pipes. This shortage is exacerbated by high import duties and logistical challenges, which have led to increased production costs and delays in project timelines.

The industry representatives have pointed out that the current domestic steel production does not meet the specific needs of the pipe manufacturing sector, especially in terms of quality and quantity. They argue that easing steel imports would not only help address the immediate supply shortage but also support the expansion of the pipeline industry, which is vital for India's infrastructure development goals.

The Line Pipe Manufacturers Association has called for a reduction in import duties on steel and the simplification of import procedures to ensure a steady and cost-effective supply of raw materials. They believe that these measures are essential for maintaining the competitiveness of the Indian pipe manufacturing industry in the global market.

Additionally, easing steel imports is seen as crucial for supporting ongoing and upcoming infrastructure projects in India, particularly in the energy and water sectors. With the government's focus on boosting infrastructure and industrial growth, ensuring a reliable supply of raw materials like steel is critical for the success of these initiatives.

The association's appeal highlights the need for a balanced approach to trade policies that consider the specific requirements of different industries while promoting overall economic growth and development. The outcome of these discussions could have a significant impact on the future trajectory of the pipeline industry in Kutch and across India.

Line pipe manufacturers in Kutch, Gujarat, are urging the Indian government to ease restrictions on steel imports to support the growth of the region's pipeline industry. The Line Pipe Manufacturers Association has raised concerns about the current challenges faced by the industry, including limited access to high-quality steel, which is a crucial raw material for manufacturing pipes used in infrastructure projects. Kutch, which is home to several major pipe manufacturing units, plays a significant role in supplying pipes for various sectors, including oil and gas, water supply, and industrial projects. However, manufacturers are struggling with a shortage of steel, particularly specific grades required for high-performance pipes. This shortage is exacerbated by high import duties and logistical challenges, which have led to increased production costs and delays in project timelines. The industry representatives have pointed out that the current domestic steel production does not meet the specific needs of the pipe manufacturing sector, especially in terms of quality and quantity. They argue that easing steel imports would not only help address the immediate supply shortage but also support the expansion of the pipeline industry, which is vital for India's infrastructure development goals. The Line Pipe Manufacturers Association has called for a reduction in import duties on steel and the simplification of import procedures to ensure a steady and cost-effective supply of raw materials. They believe that these measures are essential for maintaining the competitiveness of the Indian pipe manufacturing industry in the global market. Additionally, easing steel imports is seen as crucial for supporting ongoing and upcoming infrastructure projects in India, particularly in the energy and water sectors. With the government's focus on boosting infrastructure and industrial growth, ensuring a reliable supply of raw materials like steel is critical for the success of these initiatives. The association's appeal highlights the need for a balanced approach to trade policies that consider the specific requirements of different industries while promoting overall economic growth and development. The outcome of these discussions could have a significant impact on the future trajectory of the pipeline industry in Kutch and across India.

Next Story
Real Estate

Emaar to invest Rs 1,000 crore in Gurugram housing project

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet. This project, launched in response to the growing demand for premium residentia..

Next Story
Infrastructure Urban

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Next Story
Infrastructure Urban

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000