Ministry Of Steel Launches ‘Steel Import Monitoring System’ 2.0 Portal
Shri H.D. Kumaraswamy, Union Minister of Steel and Heavy Industries, launched SIMS 2.0, the upgraded Steel Import Monitoring System. Shri Bhupathiraju Srinivasa Varma, Minister of State for Steel and Heavy Industries, Shri Nagendra Nath Sinha, Secretary, Ministry of Steel, and other senior officials from the Government of India were present at the moment.
SIMS, introduced in 2019, has played a crucial role in providing detailed steel import data to the domestic industry. Based on industry feedback, the Ministry has revamped the portal to develop a more effective SIMS 2.0, a significant step forward in monitoring steel imports and promoting the growth of the domestic steel industry. Availability of such detailed data not only provides input for policy making but also signals areas for production and growth to the domestic steel industry.
SIMS 2.0 features API integration with multiple government portals, enhancing quality control and streamlining processes for improved efficiency and effectiveness. The portal boasts a robust data entry system, ensuring consistent and authentic data, which promotes transparency and accountability. Integration of various databases enable stakeholders to locate areas of risk and, thereby, permit better risk management, e.g., if an import consignment declares a particular source of import, which is not licensed by BIS, then Ministry will be enabled to not recommend its import.
The development of SIMS 2.0 is a collaborative effort, with contributions from the DGFT, BIS, and MSTC Ltd., a CPSE under the Ministry of Steel. Shri H.D. Kumaraswamy, Union Minister of Steel, emphasized that the launch of SIMS 2.0 is a key achievement, highlighting its inclusion in the Government of India’s 100-day agenda. He noted that this milestone represents a crucial step forward in the nation’s endeavour to bolster the domestic steel industry and achieve self-sufficiency in steel production, aligning with the vision of Atmanirbhar Bharat.
Shri Bhupathiraju Srinivasa Varma, Minister of State for Steel and Heavy Industries, said that this enhanced portal will provide stakeholders with actionable intelligence and data-driven insights, enabling more effective decision-making and strategic planning. Shri Nagendra Nath Sinha, Secretary, Ministry of Steel, pointed out that while India maintains its position as the second-largest steel producer globally, the country’s finished steel imports remained significant at around eight million tonnes in 2023-24, underscoring the need for enhanced domestic production capabilities.
Accurate monitoring of steel imports is vital to maintaining a healthy trade balance, driving growth, and attracting sustained investment in India’s steel industry. He expressed confidence that the upgraded SIMS 2.0 would play a significant role in achieving these objectives.
Shri H.D. Kumaraswamy, Union Minister of Steel and Heavy Industries also released the second volume of the book “Safety Guidelines for Iron of Steel Sector” containing the guidelines for 16 different processes being used by the iron & steel sector. It extends the work of the Steel Ministry of publishing 25 safety guidelines in 2020 covering specific risks.
Though these guidelines are currently voluntary in nature, the industry has welcomed such guidelines, as these have been generated through a consultation process. Besides addressing safety, these guidelines will have a positive bearing on the productivity.
Air Marshal Jeetendra Mishra, who has retired, has been chosen to be the first Chief…
India has a long and very significant open border with Nepal, which is one of…
Sukanya Samriddhi Yojana (SSY) is one of the small savings schemes by the government which…
AVM Shakti Sharma has made history as she became the first woman officer from the…
The Nile is famously known as the lifeline of the Sahara Desert due to its…
Türkiye officially becomes the 71st member of the Artemis Accords, joining the international framework for…