'Boycott China': JSW Group To Reduce Its Trade Deficit With China From $400 Million To Zero In Two Years

Parth Jindal the Managing Director of JSW Cement and Bengaluru FC's CEO announced on Thursday (2 July) that the JSW Group is committed to bring down its trade deficit with China to zero in the next two years.

Jindal tweeted that the unprovoked attack by China is a huge wake-up call and while the JSW Group currently has a net import of $400 million from China, they are pledging to reduce it to zero in the next two years. He also appealed to people to boycott China.

This development comes after India's largest kitchen appliances maker TTK Prestige announced that it will not place any new orders to procure items and parts from China.

Chairman of TTK Prestige TT Jagannathan has made it clear that his company will not procure any parts or items from China post 30 September by when its already placed orders would have been closed.

Jagannathan said that the decision of the company comes in a display of solidarity for the martyrdom of 20 Indian soldiers on the midnight of 15-16 June along the Line of Actual Control (LAC) in Eastern Ladakh region.