Editorial

India dreams of becoming self dependent post Covid-19 Pandemic 

It is very amazing that the world has changed completely in 4-5 months. Who thought that covid-19 would become such a huge Pandemic and change our world? If we talk on the economic basis, I believe that after the Second World War (around 7 to 8 crore people died within 6 year) the Covid-19 epidemic is another such event which has not only India, but the global economy of the world has received tremendous shock. Covid -19 epidemic started from Wuhan City of China in end of last year and till now more than 3.30 lacs peoples died because of this and also India is not escape from this pandemic. This pandemic started spreading its footsteps in India in the month of March, now this pandemic is spreading in India at a rapid pace. 
But the foresight of the Government of India and its determination "Jaan hai to jahan hai", the loss of life caused by the epidemic in India Less than death rate of developed countries USA, Italy, Spain, UK etc.Because of Covid-19, countries of the world applying lock down and the whole world is facing this epidemic in its own ways, They are planning a strategy to get life back on track. Because of Covid-19, Indian stainless steel industry has to go through a heavy business loss of 6 lacs tones. In this business most of the businessman belongs to micro, small and medium enterprise in which around 6000 manufacturers, 400 exporters and more than 2 lacs retailers, traders and wholesalers Who have not survived the outbreak of this epidemic.

Whenever global epidemic comes, also brings immense opportunity.

Prime Minister of India Shri Naredra Modi announced economic package worth 20 lakh crore to become self dependent. This Package is 10% of Total GDP of India. He Narrate five pillar for Self Dependent 1.Economy

2. Infrastructure

3. System

4. Demography

 5. Demand.

Today we have to become vocal for Local Products as well as not only buy Domestic Manufactured products but also promote them.  Corona has also explained the meaning of our Local manufacturing, local supply & Chain, Local marketing. The local has supplied us and saved us. Local is not a requirement but we all have responsibility.

Steel Market info is also playing a vital role to promote Indian stainless steel business since last 20 years as domestic and international platform by it’s Magazine and Exhibition. Steel Market info is Vocal for Local from Last 20 years.

Finance Minister of India Nirmala Sitaraman has started self dependent mission by announcing Package of 3 Lakh crore loan without guarantee to MSME. With the help of that around 45 lakh MSME companies will start work. You can read details report about this in this issue. 

In Stainless Steel business India and China fulfill the demands of whole world and provides good quality product at competitive price. because of Covid-19 china’s impression gone negative worldwide and worlds major countries like USA , European countries, UK and Japan etc providing special economic package to their businessman to shift their business  from china . India will get benefit of this opportunity in upcoming days because India has capable to fulfill demand of whole world with quality products at competitive rates. We have also spoken to importers; they have also showed lots of curiosity to buy more products from Indian manufacture. In future changes will be there in business and its advertisement in which companies will give priority to safety, space and security.

Due to Covid-19 and safety of businessman, we have decided to reschedule our 11^th Indian stainless steel houseware show and 4^th Indian stainless steel pipe expo on 17-19 July 2021.

In this issue you will read effect of Covid-19 & way forward for India’s stainless steel business and immense opportunity in business near future.

There are immense possibilities of stainless steel production, use and export, future is bright. Global epidemic brings new opportunity but striving, aware and hardworking entrepreneur will get immense Success.

India’s stainless steel business will reach to the new heights and give new direction to world. With these good wishes….