‘Can’t keep making money with Chinese raw materials while soldiers are killed’


PTI, Jul 6, 2020, 3:11 PM IST

New Delhi: Calling for unity among industrialists to stop imports from China, JSW Group owner Sajjan Jindal on Monday said that the business cannot go as usual while Indian soldiers get killed at the LAC by the Chinese.

On Thursday, his son, Parth Jindal, who looks after the cement business of the $14-billion JSW Group, had said that the conglomerate would stop $400 million worth of annual imports from China in the next 24 months.

Referring to the recent clash between Indian and Chinese troops in the Galwan valley, Sajjan Jindal said the action is a result of what China did on Indian soil.

In a statement, Sajjan Jindal said, “We cannot keep making money by buying cheaper Chinese raw materials for our business while our soldiers are getting killed at the LAC (Line of Actual Control) by them.”

He said that a lot of his friends and co-industrialists are upset as their business with China is important to maintain healthy margins and continuity, but this situation has come because of “our complacency in blindly accepting cheaper imports from China rather than developing our own domestic vendors”.

The industrialist further said that this is an opportunity for all to come together and push for a stronger Atmanirbhar Bharat.

“Let us support our domestic producers in achieving quality and scale. We have to show loyalty to our own products. We have to support our armed forces and government and prove that we stand with them in this fight against Chinese,” he added.

A company official had last week estimated that over 70-80 percent of imports for the $14-billion JSW Group take place for its steel and energy businesses, which includes machinery and maintenance equipment.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Rahul Gandhi video case: News anchor Rohit Ranjan ‘absconding’, claim Chhattisgarh police

Delhi Shopping Festival in city from Jan 28-Feb 26 next year: Kejriwal

PSI recruitment scam: CID submits charge sheet

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

Chris Evans to feature with Emily Blunt in ‘Pain Hustlers’

Kerala assembly adjourned after UDF protest over Minister’s anti-Constitution comments

Cloudburst in Himachal, four feared washed away


Related Articles More

Rahul Gandhi video case: News anchor Rohit Ranjan ‘absconding’, claim Chhattisgarh police

Delhi Shopping Festival in city from Jan 28-Feb 26 next year: Kejriwal

LPG price hiked by Rs 50; rates up by Rs 244 in one year

Kerala assembly adjourned after UDF protest over Minister’s anti-Constitution comments

Cloudburst in Himachal, four feared washed away

MUST WATCH

Chandrashekhar guruji case : accused arrested

NEWS BULLETIN 05-07-2022

Heavy Rain : Huge Rock fall in road at madikeri

Land Slide Karnataka Kerala Road Close

Sarala vaastu fame Dr Chandrashekhar guruju killed in Hubballi


Latest Additions

Rahul Gandhi video case: News anchor Rohit Ranjan ‘absconding’, claim Chhattisgarh police

Delhi Shopping Festival in city from Jan 28-Feb 26 next year: Kejriwal

LPG price hiked by Rs 50; rates up by Rs 244 in one year

PSI recruitment scam: CID submits charge sheet

Housing sales in Jan-Jun at 9-yr high in top 8 cities; sales see 60 pc annual growth: Knight Frank

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.