
Traceability trap hits MSMEs: New steel import rule mandates BIS for raw materials, triggering fears of plant shutdowns over compliance cost
A regulatory change by the Ministry of Steel has sparked alarm among India’s micro, small and medium enterprises (MSMEs), with the Global Trade Research Initiative (GTRI) warning of potential supply chain disruptions and heavy compliance costs that could lead to widespread factory shutdowns. According to a report by GTRI, the rule—issued on June 13—mandates that…