Govt Exempts 72 Foreign Steel Plants From BIS Licences For Raw Materials
When requested additional licences will be exempted in the future: The government
CHENNAI: The Ministry of Steel has exempted around 72 foreign integrated steel plants holding 202 BIS licences from certain raw material requirements, offering temporary relief to the industry.
The companies are based in Austria, Belgium, Canada, France, Sweden, South Korea, Netherlands, Spain, Switzerland, the United States, Japan, Russia, Slovenia, Germany, Finland, Switzerland and Italy.
When requested additional licences will be exempted in the future, the government said.
According to GTRI, the rationale behind such requirements remains questionable—especially when BIS certification of the final rolling mill product already ensures raw material compliance. MSMEs, which rely on rolling mills for small, flexible orders, cannot feasibly source directly from large integrated steel plants, making such upstream restrictions impractical.