The government’s ‘India first’ policy for official procurement has ejected Chinese companies from pipeline projects worth Rs 3,000 crore being built by state-run Gail India Ltd, giving a big boost to domestic steel firms and carrying forward Prime Minister Narendra Modi’s ‘Make in India’ mission.
Indian steel firms are poised to win orders worth tens of billions of dollars without losing business to Chinese supplies which they find suspiciously cheap.
Credit By: The Economic Times
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