National Policy will make India a quality steel destination: Minister

Steel minister expressed hope on early formation of Arcellor Mittal – SAIL joint venture

GN Bureau | June 19, 2017


#Chaudhary Birender Singh   #National Steel Policy   #ministry of steel   #PSU  
The National Steel Policy (NSP) will focus on ensuring raw material security, import substitution, enhancing steel consumption, R&D of value added steel, said Chaudhary Birender Singh, minister of steel. 
 
Singh, who chaired the second meeting of the recently constituted National Steel Consumers’ Council of the ministry of steel also talked about the policy on preference to domestically manufactured iron & steel products (DMI & SP) to increase the consumption of domestic steel and help the Indian steel makers.
 
He added that the policy will focus on increasing energy efficiency and sustainability, establishing India as cost-effective and quality steel destination, and reducing carbon foot-print of the industry.
 
The Indian steel sector has evolved as the third largest steel producer in world and is poised to become second largest producer putting Indian steel prominently on the map of the global industry. 
 
The minister said that India is one of the fastest growing economies in the world, and steel is used extensively in construction, infrastructure, power, aerospace, industrial machinery and consumer products, and so, the sector is of strategic importance to the country. With the roll out the NSP, it is envisaged that the industry will be steered with appropriate policy support in creating an environment for promoting domestic steel and thereby ensuring that production meets the anticipated pace of growth in demand. 
 
“We have to intensify our research and development efforts for production of value added and special steels including auto grade steel, CRGO, CRNO by 2019-20. It would make India self- reliant in sectors like automobile and defence for which we currently have to depend on imports,” he said. Singh expressed hope on early formation of Arcellor Mittal – SAIL joint venture. “When we can substitute our entire requirements for any kind and quality of steel for being used in our industries it will be truly translating ‘Make in Steel’ for ‘Make in India’”.
 

Comments

 

Other News

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter