City
Epaper

Indian steel giant JSW Group pledges to cut down $400 million import bill from China to zero in two years

By ANI | Updated: July 2, 2020 12:30 IST

Stating that the unprovoked attack by the Chinese on Indian soil and soldiers has been a huge "wake up" call, JSW Group's Parth Jindal on Thursday announced that his company has pledged to bring down $400 million import bill from China to zero in two years.

Open in App

Stating that the unprovoked attack by the Chinese on Indian soil and soldiers has been a huge "wake up" call, JSW Group's Parth Jindal on Thursday announced that his company has pledged to bring down $400 million import bill from China to zero in two years.

"The unprovoked attack by the Chinese on Indian soil on our brave jawaans has been a huge wake up call and a clarion call for action - we JSW Group have a net import of $400mn from China annually and we pledge to bring this down to zero in the next 24 months #BoycottChina," Jindal tweeted.

The announcement came amid nationwide outrage against China after 20 Indian soldiers were killed in a violent face-off in Ladakh's Galwan valley with Chinese troops when they attempted to unilaterally change the status quo during the de-escalation.

Indian intercepts revealed that the Chinese side suffered 43 casualties including dead and seriously injured.

JSW Group is among the leading conglomerates in India. The group is a $14 billion company and its core sectors are Steel, Energy, Cement and Infrastructure. The company has its presence across India, South America, South Africa and Europe.

( With inputs from ANI )

Tags: Jsw GroupEnergy
Open in App

Related Stories

NationalMumbai Police Close Rape and Criminal Intimidation Case Against JSW Group Chairman Sajjan Jindal

InternationalUAE Deputy PM Mansour bin Zayed receives President of Malta

InternationalUAE participates in Astana International Forum

PoliticsFree power to all including tenants, says K'taka CM

InternationalIsrael discovers new gas field, its fourth largest

Business Realted Stories

BusinessDollar dips, gold soars in Trump 2.0's first 100 days

BusinessPrepare training courses considering need for skilled manpower with AI in various sectors: Ajit Pawar

BusinessTianneng makes an appearance at the AsiaBike Exhibition

BusinessEV firm Battery Smart’s net loss doubles to Rs 140 crore in FY24, expenses surge

BusinessSOTC Announces Limited-Time Early Bird Offers on Europe Tour Packages 2025