Insta
'Boycott China': JSW Group To Reduce Its Trade Deficit With China From $400 Million To Zero In Two Years
Swarajya Staff
Jul 02, 2020, 12:54 PM | Updated 12:54 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Parth Jindal the Managing Director of JSW Cement and Bengaluru FC's CEO announced on Thursday (2 July) that the JSW Group is committed to bring down its trade deficit with China to zero in the next 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 @TheJSWGroup have a net import of $400mn from China annually and we pledge to bring this down to zero in the next 24 months #BoycottChina
— Parth Jindal (@ParthJindal11) July 2, 2020
Jindal tweeted that the unprovoked attack by China is a huge wake-up call and while the JSW Group currently has a net import of $400 million from China, they are pledging to reduce it to zero in the next two years. He also appealed to people to boycott China.
This development comes after India's largest kitchen appliances maker TTK Prestige announced that it will not place any new orders to procure items and parts from China.
Chairman of TTK Prestige TT Jagannathan has made it clear that his company will not procure any parts or items from China post 30 September by when its already placed orders would have been closed.
Jagannathan said that the decision of the company comes in a display of solidarity for the martyrdom of 20 Indian soldiers on the midnight of 15-16 June along the Line of Actual Control (LAC) in Eastern Ladakh region.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.