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

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv.   “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter