Archive · 18 Sep 2025
Govt. to Expedite BIS Approvals for Taiwan Steel to Aid MSME Exports
The Indian government is speeding up the process for small businesses to import steel from Taiwan.
This is because a new rule required special certifications for imported steel, causing delays.
Many MSMEs rely on cheaper steel from Taiwan.
The government is now helping Taiwanese steel factories get the necessary approvals faster, so these small businesses can continue to import what they need.
This will help MSMEs avoid higher costs, boost exports, and keep their businesses running smoothly.
The government is fast-tracking BIS approvals for Taiwanese steel plants.
The move aims to help MSMEs import steel and boost exports.
MSME importers faced delays in approvals, impacting their orders.
The issue arose due to a quality control order in June.
Taiwan is a major source of intermediate and semi-finished steel for India.
- Who
- Government, MSMEs, Steel Ministry, BIS
- What
- Expediting BIS approvals for Taiwanese steel plants to aid MSME imports
- When
- Approvals are being fast-tracked after consultations in late-August
- Where
- India and Taiwan
- Why
- To help MSMEs import steel, boost exports and avoid delays.
MSMEs
Domestic Steel Manufacturers
Cost of Steel
MSMEs
MSMEs need access to cheaper steel imports.
Domestic Steel Manufacturers
Domestic manufacturers sell steel at higher prices.
- Action
- Expediting BIS approvals for Taiwanese steel plants
- Beneficiaries
- MSME importers
- Purpose
- Enable imports of cheaper steel and boost exports
- Problem
- Delays in BIS approvals for Taiwanese steel
- Origin of Issue
- Quality Control Order (QCO) in June 2024
- Stakeholders
- Steel Ministry, MSME Importers, BIS