Union Minister of Steel and Heavy Industries Mr.H.D. Kumaraswamy recently launched SIMS 2.0, the upgraded Steel Import Monitoring System in the presence of Minister of State for Steel and Heavy Industries Mr. Bhupathiraju Srinivasa Varma, Secretary, Ministry of Steel, Mr. Nagendra Nath Sinha, and other senior officials from the Government of India.
SIMS, introduced in 2019, has played a crucial role in providing detailed steel import data to the domestic industry.
Based on industry feedback, the Ministry has revamped the portal to develop a more effective SIMS 2.0, a significant step forward in monitoring steel imports and promoting the growth of the domestic steel industry.
Availability of such detailed data not only provides input for policy making but also signals areas for production and growth to the domestic steel industry. SIMS 2.0 features API integration with multiple government portals, enhancing quality control and streamlining processes for improved efficiency and effectiveness.
The portal boasts a robust data entry system, ensuring consistent and authentic data, which promotes transparency and accountability. Integration of various databases enable stakeholders to locate areas of risk and, thereby, permit better risk management, e.g., if an import consignment declares a particular source of import, which is not licensed by BIS, then Ministry will be enabled to not recommend its import.
