Sponge iron production clocks 8 pc growth in India, set to rise above 75 MT by FY30
India is the largest DRI producer in the world with its production set to rise above 75 MT by fiscal 2030 from 51.5 MT in fiscal 2024, according to a Crisil report.
Union Minister of Commerce and Industry Suresh Prabhu on Friday said that officials from India and the US are expected to meet soon “most likely within this month” to take forward the dialogue process to resolve trade issues between the two sides.
According to the minister, who holds the charge of the Ministry of Civil Aviation, both sides have decided to resolve their pending issues on trade.
The development comes after the minister visited the US on June 10-12, 2018 and held discussions with the US Trade Representative Robert E. Lighthizer, Secretary of Commerce Wilbur L. Ross and Secretary of Agriculture Sonny Perdue.
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Recently, the US unilaterally imposed import duties on steel and aluminium products and raised concerns over India’s import duties on dairy products among others.
However, the minister said that India’s concerns over “Visa” and other issues were also put forth to the US representatives.
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