India is second largest stainless steel producer in the world: steel minister

Chaudhary Birender Singh expressed hope that SAIL and Arcelor Mittal would soon formalise a joint venture for production of automotive-grade steel

GN Bureau | May 26, 2017


#Chaudhary Birender Singh   #stainess steel   #SAIL   #CPSE   #steel processing  
Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan. He said that the steel sector is only an example of all-round development in India. The cabinet approved two policies of the steel ministry on May 3 and it is working on their implementation.
 
Singh expressed hope that SAIL & Arcelor Mittal would soon formalise the joint venture for production of automotive-grade steel. "This will be a big step-forward under the prime minister’s Make in India programme” he added.
 
“We are very confident that steel sector will become more vibrant and dynamic after the ‘National Steel Policy 2017’ and ‘Policy for preference to domestically manufactured iron & steel products in government procurement’ becomes effective," he said.
 
He said the ministry and United Nations Development Programme (UNDP) have worked for energy conservation in 300 secondary steel units. Plans are to upscale to 1,000 secondary steel units. It would reduce CO2 emissions, roughly equal to taking all passenger cars off Delhi’s roads, Singh said.
 
The minister said the three steel processing units — Jagdishpur in UP, Bettiah in Bihar and Kangra in Himachal Pradesh are going to be operationalised within next one year. It involves an investment of Rs 500 crore.
 

Comments

 

Other News

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

MDR on UPI: Can sustainability come without weakening the network?

The extraordinary transaction volumes and value (₹29.82 Lakh crore in August 2026 alone) of the Unified Payments Interface (UPI) have made it not only an Indian success story, but a global one. In 2024, UPI accounted for nearly 49% of the world’s real-time payment transaction volume, with more th

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter