MSMEs seek curbs on steel, metal price surge; urge Centre to cut import duties

MSMEs in the region are calling on the Centre to take action against the rising prices of steel and metals. They are urging the government to impose curbs on price increases and reduce import duties to ease input-cost pressures. This move is crucial to protect the competitiveness and viability of the MSME sector, which is a significant contributor to the local economy. If the Centre acts, it could help stabilize the market and prevent further disruptions to the sector.

Why it matters

Indian MSMEs are facing input-cost pressures due to a surge in steel and metal prices. The industry body is seeking government intervention to protect their competitiveness and viability.

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