Saturday, Dec 15 2018 | Time 14:13 Hrs(IST)
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PPMAI for immediate band on non-standard stainless steel being used in India

New Delhi Dec 4 (UNI) The Process Plant and Machinery Association of India (PPMAI) which represents the capital goods and process equipment manufacturing and exporting industry in the country, on Tuesday urged the Union Steel and Consumer Affairs Ministries to immediately ban all non-standard stainless steel being used for consumer ware in the country.
“PPMAI has requested the Steel ministry to modify the stainless steel products quality control order to stop influx of seconds, defectives and non-standard stainless steel products in all grades of stainless steel from foreign and domestic sources.
“These products are mostly being used for consumer utensils and low end industrial application. It accounts for more than 60 per cent of Indian market and surprisingly was not been included in the quality control order,” PPMAI chairman Yatinder Pal Singh Suri said here.
The non-standard grades of stainless steel are currently being used for consumer ware including utensils in the country, such grades also end up in usage by small fabricators for critical smaller equipment for use in industrial applications which can lead to failures, accidents and fatalities.
Mr Suri said PPMAI has also urged union government to exclude all grades and sizes of steel which can be produced in India by BIS approved qualified suppliers available within the country from all current and future Free Trade Agreements (FTAs).
“We must also ensure that Steel which cannot be produced in India should be kept in the list for special duty waivers because it will help Capital Goods and Engineering industry to be competitive globally and also in domestic markets.”
“The Ministry of steel should also mandate that all steel equipment needed for steel making process from ore to coils and sheets, materials handling equipment and Plant sheds for all new investments related to 170mt expansion must be fabricated in India. This will ensure that local steel is automatically getting preference in procurement. Your support to DHI for putting Capital Goods also in negative list in all current and future FTAs.”
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15 Dec 2018 | 1:09 PM

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15 Dec 2018 | 1:08 PM

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Sugar rates steady in Kolhapur market

Sugar rates steady in Kolhapur market

15 Dec 2018 | 1:01 PM

Kolhapur, Dec 15 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Saturday at Rs 3280/3300 and Rs 3180/3200 per quintal,respectively.

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UFBU to observe strike on Dec 26 over merger of 3 banks by Centre

UFBU to observe strike on Dec 26 over merger of 3 banks by Centre

15 Dec 2018 | 12:58 PM

Hyderabad, Dec 15 (UNI) About 10 lakh bank employees and Officers will observe a nation-wide strike on December 26 in protest against the Union Government's decision to merge the Bank of Baroda, Dena Bank and Vijaya Bank into one Bank.

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