Traceability trap hits MSMEs: New steel import rule mandates BIS for raw materials, triggering fears of plant shutdowns over compliance cost
India's MSMEs are facing potential supply chain disruptions and factory shutdowns due to a sudden regulatory change by the Ministry of Steel. The new rule mandates Indian Standards compliance and Steel Import Monitoring System registration for raw materials, significantly increasing compliance costs.
India's MSMEs are facing potential supply chain disruptions and factory shutdowns due to a sudden regulatory change by the Ministry of Steel. The new rule mandates Indian Standards compliance and Steel Import Monitoring System registration for raw materials, significantly increasing compliance costs.
