India’s Metal Container Manufacturer’s Association said that INR 10,000 crore metal packaging industry of India, which is already facing dark times, is now in a major dilemma and stands directionless as the Ministry of Steel remains silent on Quality Control Order as the extension of the implementation of Quality Control Order till 17 July 2021 has ended. It said “Despite the repetitive representation and meetings with concerned ministries and departments. Even the new steel minister had given assurance to address the grievance. Yet there seems to be no relief for Industry which is largely operating under the MSME sector. Production is on hold, there is scarcity of raw material which is acting as a major hindrance to bridge the demand supply gap. Also as there is a shortage in domestic production therefore the industry cannot import. Steel and Steel Products QCO will restrict the supply of input materials to tin can making industry.”Also, there would be an exorbitant increase of prices of packaging material specially Pharma, food & beverages. Another setback would be shutting down small units and ultimately job losses.This industry which is largely dependent upon the import of tinplate/ tin free steel to meet demand supply gap from various countries is under tremendous pressure with the shortage of raw material and the prices have escalated more than 60% already with an indication that it is likely to increase further. Apart from prices another major issue of concern is availability of material as domestic is not geared up to meet domestic demand.
India’s Metal Container Manufacturer’s Association said that INR 10,000 crore metal packaging industry of India, which is already facing dark times, is now in a major dilemma and stands directionless as the Ministry of Steel remains silent on Quality Control Order as the extension of the implementation of Quality Control Order till 17 July 2021 has ended. It said “Despite the repetitive representation and meetings with concerned ministries and departments. Even the new steel minister had given assurance to address the grievance. Yet there seems to be no relief for Industry which is largely operating under the MSME sector. Production is on hold, there is scarcity of raw material which is acting as a major hindrance to bridge the demand supply gap. Also as there is a shortage in domestic production therefore the industry cannot import. Steel and Steel Products QCO will restrict the supply of input materials to tin can making industry.”Also, there would be an exorbitant increase of prices of packaging material specially Pharma, food & beverages. Another setback would be shutting down small units and ultimately job losses.This industry which is largely dependent upon the import of tinplate/ tin free steel to meet demand supply gap from various countries is under tremendous pressure with the shortage of raw material and the prices have escalated more than 60% already with an indication that it is likely to increase further. Apart from prices another major issue of concern is availability of material as domestic is not geared up to meet domestic demand.
