Fastener manufacturers take up issues with steel minister

LUDHIANA: A delegation of Fastener Manufacturers of India (FMAI) led by president Narinder Bhamra recently met Union steel minister Chaudhary Birender Singh and apprised him of problems being faced by micro, small and medium enterprises (MSME) in procurement of steel and that too at higher prices as compared to international market.
Bhamra said, "We informed the steel minister that with no government control over prices of steel products and absence of a market regulator is hampering the growth of MSME industry in India."
He also added, "We also discussed the issue of anti-dumping duty on steel imports due to which the prices of steel have gone up by Rs 3,000 to Rs 5,000 per tonne and is affecting the production of fastener manufacturers particularly in Punjab."
The businessmen also requested the minister to recommend anti-dumping duty on imports of finished products so that local manufacturers of engineering products can prosper and develop the industry further.
Others present in delegation were Gagan Sahni, Sanjeev Batra, Vivek Bohra, Atul Sethi, Vikramjeet Bhamra, Sarabjit Singh and Jasdeep Thukral.