Archive · 12 Aug 2025
Govt Waives BIS Certification for Foreign Steel Licenses
The Indian government is making it easier for some foreign steel companies to sell their products in India.
They're letting 202 companies from countries like Japan and South Korea skip a certain type of inspection.
This is to help the steel industry by making sure there's enough of the special kinds of steel that are needed.
The government thinks this will help domestic steel makers and also keep the cost of steel from going up too much.
Some people think it's a good idea, while others think the rules are unnecessary.
The government is also holding a meeting to talk about these rules.
The Ministry of Steel exempted 202 foreign steel licenses from BIS certification.
The exemptions aim to ease supply bottlenecks for domestic steel producers.
Manufacturers from 17 countries, including Japan and South Korea, are covered.
This is a continuous exercise with potential for more exemptions.
Trade analysts view the move as temporary relief.
- Who
- The Ministry of Steel, domestic steel producers, and 202 foreign steel license holders.
- What
- The Ministry of Steel exempted 202 foreign steel licenses from BIS certification.
- When
- Announced on August 8th, 2024.
- Where
- Manufacturers from 17 countries, including Japan and South Korea.
- Why
- To ease supply bottlenecks and provide temporary relief to the industry.
Advocates
Critics
Necessity of Raw Material Requirements
Advocates
The exemption provides necessary relief to the steel industry.
Critics
The rationale behind these requirements remains questionable, especially when BIS certification of the final rolling mill product already ensures raw material compliance.
- Action
- Exemption of 202 foreign steel licenses from BIS certification
- Ministry
- Ministry of Steel
- Countries Involved
- 17, including Japan, South Korea, Germany, Italy, France, Russia, and the US
- Number of Licenses
- 202
- Purpose
- Ensure supply of high-quality inputs
- Impact
- Temporary relief to industry
