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Vatsal Agarwal, Simplex Coke: Vocal-For-Local Will Stop Unfair Chinese Dumping

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Prime Minister Narendra Modi said “Every citizen of this country has resolved to turn this crisis into an opportunity. We have to make this a major turning point for this nation. What is that turning point? A self-reliant India.” and urged people to go “vocal for local” He went on to say that everything that the country is forced to import should be made in India. How India should become an exporter of the same products in the future, and prepare a globally competitive domestic supply chain China dictates the coke market by either increasing coke price or dumping the coke price to such a level that the Indian government had to impose the anti-dumping duty of USD 25 per ton on imports from China which increases the profit margin of domestic producers like Simplex Coke. India has meager reserves of coking coal and coke making capacity, so it does not figure in the world rankings. It has earmarked a huge expansion of the steel industry to meet the population base. Existing capacities at ...
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Vatsal Agarwal says great oppertunity for coal sector

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Despite having one of the largest coal reserves in the world, India is the second-largest importer of coal due to earlier flawed policies. But, with this bold move by the government of recent auction process for 41 coal blocks for commercial mining by Prime Minister Narendra Modi is all set to open India’s coal sector for private players. It is a move expected to garner Rs 50,000 crore of capital investment in the country over the next five to seven years and will jack up India’s total coal output to 1 billion tonnes. It will also lead to employment generation for more than 2.8 lakh people, as per the government. The government’s decision to open the coal sector for private sector participation in commercial coal mining and gasification corrects a historical anomaly, believes Vatsal. According to Vatsal, this crisis will be turned into an opportunity enabling our country to be self-reliant. The past policies had kept the sector closed. It has taken India almost 50 years to reverse this...
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Vatsal Agarwal, Simplex Coke: Vocal-For-Local Will Stop Unfair Chinese Dumping

Image
Prime Minister Narendra Modi said “Every citizen of this country has resolved to turn this crisis into an opportunity. We have to make this a major turning point for this nation. What is that turning point? A self-reliant India.” and urged people to go “vocal for local” He went on to say that everything that the country is forced to import should be made in India. How India should become an exporter of the same products in the future, and prepare a globally competitive domestic supply chain China dictates the coke market by either increasing coke price or dumping the coke price to such a level that the Indian government had to impose the anti-dumping duty of USD 25 per ton on imports from China which increases the profit margin of domestic producers like Simplex Coke. India has meager reserves of coking coal and coke making capacity, so it does not figure in the world rankings. It has earmarked a huge expansion of the steel industry to meet the population base. Existing capacities at ...
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Vatsal Agarwal: Simplex Coke ’Met Coke making is essential

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  If India has to fight a war with China, it has to be fought on all fronts, at borders as well as the economic front. Every item imported has to be manufactured locally. That is PM Narendra Modi’s vision of AatmaNirbhar Bharat “Local is Vocal”.Met coke is one of the critical pillars, on which India is dependent on China So the real war is now that India should increase its met coke making capacities to be self-dependent, as met coke is an import substitution product. India can become the next hub of coke manufacturing for the world only if we do not consume Chinese coke. Almost the entire world is dependent on China, as it is the single largest producer and exporter of coke in the world, China dictates the coke market by either increasing coke price or dumping the coke price to such a level that the Indian government had to impose the anti-dumping duty of USD 25 per ton on imports from China which increases the profit margin of domestic producers like Simplex Coke. India is going...
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Vatsal Agarwal says great oppertunity for coal sector

Image
Despite having one of the largest coal reserves in the world, India is the second-largest importer of coal due to earlier flawed policies. But, with this bold move by the government of recent auction process for 41 coal blocks for commercial mining by Prime Minister Narendra Modi is all set to open India’s coal sector for private players. It is a move expected to garner Rs 50,000 crore of capital investment in the country over the next five to seven years and will jack up India’s total coal output to 1 billion tonnes. It will also lead to employment generation for more than 2.8 lakh people, as per the government. The government’s decision to open the coal sector for private sector participation in commercial coal mining and gasification corrects a historical anomaly, believes Vatsal. According to Vatsal, this crisis will be turned into an opportunity enabling our country to be self-reliant. The past policies had kept the sector closed. It has taken India almost 50 years to reverse this...
Read more