New Delhi, May 6 -- The Ministry of Steel has sought stakeholder suggestions on easing or removing mandatory Bureau of Indian Standards (BIS) certification requirements for the fastener industry, amid concerns over rising compliance costs, supply disruptions, and pressure on Micro, Small and Medium Enterprises (MSMEs).
The move comes as manufacturers of bolts, nuts, screws, washers, rivets, and other fasteners have raised concerns that stringent Quality Control Orders (QCOs) are disrupting supply chains and increasing operational costs without significantly improving product quality.
The government is considering several relief measures, including exempting 202 foreign steel licences supplying specialised grades of fasteners where domes...