Udayavni Special

‘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.

Top News

India’s COVID-19 fight takes a hit as over 6 lakh warriors go on strike

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

Five killed, several trapped in landslide in Idukki district

New Education Policy focusses on how to think: PM

K’taka link to Ram Mandir Bhoomi Pujan: Idol gifted to PM Modi sculpted by B’luru artisan

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

Latest Additions

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

Thanks for visiting Udayavani

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