Steel slump: Govt must focus on cost

He said will give a fresh impetus to the manufacturing sector and make it more competitive.

“As the government has focused on ease of doing business, it should also focus on ‘cost of business’ to make industries, particularly the manufacturing sector, more competitive in the prevailing market.

“We have been controlling the cost of business inside the work but outside the plant, it is not in our hands but the central and state governments,” he said. Such an initiative would certainly improve competitiveness of domestic industries, particularly the manufacturing units.