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Stainless steel makers criticise budget, fear deluge of Chinese products in market : Bulletin: Business Today

Loading the player. Budget 2021: India Inc welcomes tax relief, infra spend fillip Finance Minister s third Budget speech managed to enthuse Indian corporate sector. Industry leaders praised the steps to provide tax relief to senior citizens, encourage expenditure for infrastructure development and emphasis on healthcare in Union Budget 2021-22. Uday Kotak, the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, hailed the focus on healthcare, infrastructure and financial sectors. Stainless steel makers flay Budget 2021, say it opens floodgates for Chinese companiesThe domestic stainless steel manufacturing industry has criticised the Union Budget 2021 presented by Finance Minister Nirmala Sitharaman in the parliament today for reopening the floodgates for Chinese firms to dump their products in the Indian market. The government has slashed import duties on a host of steel products including stainless steel items and also revoked some of the trade remedial measu

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