Nishant Bhansali

no can do in 160 characters.

[Nishant Bhansali @nishantb15]

@PIB_India MSMEs are suffering. The ministry has not considered business dynamics. And unknowingly created a monopoly. It hurts indian consumers, MSMEs, economy
@PiyushGoyal @SandeepPoundrik @FAMINDIA_IN @PMOIndia

[FAMIndia.in @FAMINDIA_IN]

The steel industry needs protection from premature implementation of BIS standards on raw materials, as its finished products r already certified.
#SaveStainlessSteelMSMEs #CourtAppeal #MSMEsNeedTime
@PMOIndia @PiyushGoyal @SandeepPoundrik @SteelMinIndia @hd_kumaraswamy

[Vinay Jain @vinayjain999]

Steel export cycles aren’t 1-week projects.
They take 90–120 days from production to delivery.
Hope the extension reflects that reality.
@minmsme @PiyushGoyalOffc
#msmevoice

[Nishant Bhansali @nishantb15]

Include smaller players in engagements. The pain is too much on the ground level. MSMEs are bound to go in surmounting debts and be at the mercy of a near monopoly being generated by these rules

@SandeepPoundrik @PiyushGoyal

[Nishant Bhansali @nishantb15]

The MoS had, on 13th June, released a notification that every shipment (bearing mentioned hs codes) needs BIS certified input material as well. Which essentially rendered imports impossible since no real affordable options remained after this enforcement.

[Nishant Bhansali @nishantb15]

Managing factory operations is becoming increasingly difficult with abrupt changes in policies and rules. I urge the MoS to reconsider and think about MSMEs

[Shaunak Rungta @shaunakrungta]

🧵Thread: India's New Steel Traceability Mandate – Regulatory Overreach & MSME Impact
@SteelMinIndia @FinMinIndia @PiyushGoyalOffc @nsitharamanrt @DIPPGOI @ajaydgft @EEPCIndia @FISME_India @SaketGokhale @_prashantnair @MangalamMaloo @Manisha3005 @Nigel__DSouza

[ANKIT GUPTA @ANKITGUPTA_JBS]

Please look into it as this decision is against MSME
@PMOIndia @SteelMinIndia @narendramodi @PiyushGoyal @ANI @INCIndia @RahulGandhi @BJP4India @ndtvindia @TOIIndiaNews
https://t.co/tIvgbj9ItN

[Shaunak Rungta @shaunakrungta]

@nishantb15 @SandeepPoundrik @SandeepPoundrik Sir, genuinely, pls understand, it's a request that amidst already sluggish demand in the last 7-8 months in stainless steel, and after months of wait for BIS of few firms in ASEAN, this new requirement of BIS input will further exacerbate our situation.

[Nishant Bhansali @nishantb15]

@shaunakrungta @SandeepPoundrik And given the near duopoly leads to predatory trade practices, delivery pressures on MSMEs, unfair pricing, no credit facilities, unfair demands of advances but not maintaining delivery timelines to name just a few

[Nishant Bhansali @nishantb15]

@shaunakrungta @SandeepPoundrik The logic then would extend to the even the nickel extracted from mines must be done through BIS specified guidelines. Small players like us are dying slowly. Sinking in losses, while only 2 players remain in the Indian market.

[Shaunak Rungta @shaunakrungta]

@PibSteel @AIRNewsHindi @ANI @DDNewsHindi @hd_kumaraswamy @PTI_News @SteelMinIndia @SandeepPoundrik @MIB_India Agreed. But in sectors where there is monopoly in the nation, cheaper imports play the role of fair play in business competition and help MSMEs build up. Domestic injury needs to be categorically examined. Few entities' PAT have grown at 70% CAGR and they cite domestic injury.

[Nishant Bhansali @nishantb15]

@SteelMinIndia @JM_Scindia @PMOIndia @SteelMinIndia @JM_Scindia @PMOIndia still waiting on a response. Have given multiple reminders on mail. Not a single reply!

[Nishant Bhansali @nishantb15]

@SteelMinIndia
Dear ministry,
Waiting for your reply since Oct 14. The entire industry is suffering due to unclear BIS norms. Kindly respond

[Nishant Bhansali @nishantb15]

@SteelMinIndia @JM_Scindia @PMOIndia Still waiting for a reply, domestic industry is under severe stress!!!

[Nishant Bhansali @nishantb15]

@IndianStandards @SteelMinIndia @PMOIndia @FinMinIndia @CimGOI

[Nishant Bhansali @nishantb15]

@SteelMinIndia
Dear ministry,
Waiting for your reply since Oct 14. The entire industry is suffering due to unclear BIS norms. Kindly respond