Steel Import Monitoring System 2.0 Portal

Steel Import Monitoring System 2.0 Portal Latest News

Recently, the Government of India has revised the advance registration period to apply for registration on the Steel Import Monitoring System (SIMS) 2.0 portal for import of all steel products, except some items.

About Steel Import Monitoring System 2.0 Portal

• SIMS 2.0 Portal was launched by the Union Ministry of Steels, Government of India.
• SIMS was introduced in 2019, and has played a crucial role in providing detailed steel import data to the domestic industry.

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Features of SIMS 2.0 Portal

• It provides advanced information about steel imports to both the government as well as relevant stakeholders.
• It 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 enables stakeholders to locate areas of risk and, thereby, permit better risk management.
• 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.
• Significance: 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

Source: PIB