Bhubaneswar, May 19 -- Vedanta Chairman Anil Agarwal has stated that India has the opportunity to position itself as a global aluminium hub in the ongoing global trade tension.
In his post on Monday, Agarwal said the global metals market is undergoing significant disruption, with the United States imposing a steep 25 per cent tariff on steel and aluminium imports from all countries, including close allies such as Canada and Mexico.
In response, India has implemented a 12 percent safeguard duty on steel imports to protect its domestic industry.
Agarwal praised this move, saying, "I commend the government for proactively imposing a safeguard duty on steel." He expressed confidence that the government would consider a similar measure for al...