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

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New Delhi | July 2, 2020 12:42:04 PM 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.

"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. (ANI)

 
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