Indian steel giant JSW Group pledges to cut down $400 million import bill from China to zero in two years
Jul 02, 2020
New Delhi [India], July 2 : 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.
