Giant Industrialist Urges Industry to Forget Losses After Ban On Chinese Products

The Chairman and MD of JSW Group, Sajjan Jindal, has urged the industry leaders to unite and stop exports and imports with China. He said that the Indian industry would not keep making money by buying cheaper Chinese materials especially when the Indian soldiers are getting killed at the LAC by China.

He Tweeted, “The industry needs to support the Indian Government and the soldiers in the fight against China”. While Indian businesses save a significant amount of money by buying cheap products from the dragon, Sajjan Jindal highlighted that the move to boycott Chinese products will initially make businesses expensive, but in the long run, it will be beneficial for the country.

The ongoing economic crisis is an opportunity to come together and push for a stronger self-reliant India and urged other industry players to support domestic producers in achieving quality and scale. While many industrialists are upset as their businesses with China is important to maintain healthy margins and continuity, the JSW Group-owner underlined that this situation has come because of the blind complacency in accepting cheaper imports from China rather than developing them in India.

The JSW Cement, MD, Parth Jindal, MD said that the JSW Group had a net annual import of $400 million from China, which will be brought down to zero in the next 24 months. He also said that the unprovoked attack by the Chinese on Indian soil, on our brave jawaans has been a huge wakeup call and a clarion call for action. Besides, the JSW Group, CAIT and many MSME firms have also raised their voices against Chinese products. While private bodies have stepped up to avoid the products from China.