About Steel Import Monitoring System 2.0 Portal:
- SIMS 2.0 Portal was launched by the Union Ministry of Steel, Government of India.
- SIMS was introduced in 2019, and has played a crucial role in providing detailed steel import data to the domestic industry.
- 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
