Urgent Plea: Protect India's Steel Tube Industry from Chinese Competition

The Seamless Tube Manufacturers' Association of India has urged the government to maintain restrictions on Chinese firms in power projects. They warn that easing these could harm domestic manufacturing, increase banking stress, and lead to unemployment. The steel tube industry is vital for India's power sector.

The Indian steel tube and pipe industry is appealing to the government to maintain existing restrictions on Chinese firms' involvement in power sector projects and the importation of Chinese equipment. This plea highlights concerns over potential harms to the domestic industry.

The Seamless Tube Manufacturers' Association of India (STMAI) has alerted the steel ministry that easing such restrictions could undermine domestic manufacturing capabilities, lead to increased banking stresses, and cause significant unemployment.

According to STMAI, allowing Chinese suppliers to enter the market would result in underpriced competition, which could lead to underutilized domestic production capacities and the shutdown of advanced manufacturing facilities.

(With inputs from agencies.)