‘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.
SSLC exam results to be announced on Aug 10: Edu Min
Rhea Chakraborty appears before ED in money laundering case
Mumbai: Bihar IPS officer released from quarantine
Related Articles More
India hits out at China over comments on Jammu and Kashmir
FDI in commercial mining from bordering countries needs govt nod: India
Indian and Chinese army commanders hold fifth round of talks on border row
Indian Army prepares to maintain current strength in eastern Ladakh during winter months
Indian Navy’s message to Beijing after escalation of border tension ‘registered’ by China
Horticulture in 75 cents land | Success Story of Padmanabha | Udayavani
Shankar Suvarna | Interview with successful Dairy Farmer | Agriculture
Rangayya Naik | How to Nurture a Child | Udayavani
B. S. Yediyurappa sense of duty in hospital as well; Important Files Verification | Covid Positive
MGM college’s Ravindra Mantapa Opening Ceremony | Udayavani
This is unthinkable: SC dismisses anticipatory bail plea of activist Rehana Fathima
K’taka Rains: Rs 10,000 relief to affected families, Rs 5 lac compensation for damaged houses announced
Covid-19: What are some of the most eerie and spine-chilling conspiracy theories around the pandemic
Ayushmann Khurrana, Vaani Kapoor roped in for Abhishek Kapoor’s next
India’s COVID-19 fight takes a hit as over 6 lakh warriors go on strike