The Confederation of Indian Industry (CII) has set up a CII COVID Rehabilitation and Relief Fund (CRR) for Micro, Small and Medium Enterprises (MSME) to tackle Covid-19. The fund will assist small enterprises or MSME in rehabilitation and is expected to curtail the impact of Coronavirus on the MSME sector. CII will also request to all its members to contribute an amount from their Corporate social responsibility (CSR) allocation for the CII COVID Rehabilitation and Relief Fund (CRR).
CII organizes “Steeling India-2019”
The Confederation of Indian Industry organized “Steeling India 2019” conference, a drive to increase metal intensity in key sectors. Union Minister for Steel, Petroleum and Natural Gas Shri Dharmendra Pradhan participated in the conference. Highlights The session focused on key industries namely automobile, infrastructure, railway, water, irrigation and housing. It discussed the strategies to promote steel intensive structures and to augment steel consumption. Steel producers, consumers and policy advisors attended the conference. The conference developed a road map to increase steel intensity in key sectors. It also brought in strategies to mitigate supply chain issues in the steel sector. Significance CII organized the conference with the objective of augmenting steel production. The conference will help India pave ways to achieve its target of 300 MT of production by 2030 (according to National Steel Policy). The World Steel Association predicts steel demand in India to reach 103 MT (Million Tonnes) in 2019
