Ministry of Steel Launches ‘Steel Import Monitoring System’ 2.0 Portal

Ministry of Steel Launches ‘Steel Import Monitoring System’ 2.0 Portal

Daily Current Affairs   /   Ministry of Steel Launches ‘Steel Import Monitoring System’ 2.0 Portal

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Category : National Published on: July 30 2024

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  • Union Minister of Steel and Heavy Industries, H.D. Kumaraswamy, introduced the upgraded Steel Import Monitoring System (SIMS 2.0). 
  • This enhanced system aims to improve the monitoring of steel imports, support the growth of the domestic steel industry, and provide better data for policy-making and identifying production growth areas.
  • SIMS 2.0 features API integration for better quality control and efficiency, a robust data system for accurate and consistent data entry, and risk management capabilities to identify and manage risks, including imports from non-BIS licensed sources. 
  • It was developed with contributions from the Directorate General of Foreign Trade (DGFT), Bureau of Indian Standards (BIS), and MSTC Ltd., a Central Public Sector Enterprise under the Ministry of Steel.
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