Tag: India: Govt renews BIS license of Vietnam’s Formosa Ha Tinh

In a significant recent development, the government has renewed the Bureau of Indian Standards (BIS) licence of Vietnam’s steel major Formosa Ha Tinh. The BIS seeks to ensure that the domestic market is not flooded with substandard steel imports. The Ministry of Steel issued a clarificatory circular on 26 October’23 stating that all steel importers…