Piyush Goyal Addresses Steel Industry Concerns Amid Rising Chinese Imports

Commerce Minister Piyush Goyal invited the steel industry to discuss unfair competition from Chinese imports. He mooted a border adjustment tax and highlighted the India Middle East Europe Economic Corridor (IMEEC) initiative. Concerns over global trade due to ongoing wars and steady FDI inflows were also discussed.

Commerce and Industry Minister Piyush Goyal on Friday extended an invitation to the steel industry to address the issue of ''unfair'' competition posed by low-cost Chinese imports.

During a media interaction, Goyal proposed a border adjustment tax as a measure to protect domestic steel players, ensuring the sector's vitality.

The minister also underscored the significance of the India Middle East Europe Economic Corridor (IMEEC) to enhance economic integration and maritime security.

(With inputs from agencies.)