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

Covid-19: India’s recovery rate improves to 59.43%

Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1

Coming soon at a station near you: private trains!

A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio

A place of local democracy in pandemic governance: The case of Mumbai

Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that

Why TikTok, other apps were banned: “Engaged in anti-India activities”

India, facing China’s aggressiveness at border, has banned 59 smartphone apps, including TikTok, as they were indulging in activities harmful to India’s sovereignty and integrity. The reason cited was: “in view of information available they are engaged in activities which [

Gaganyaan mission not affected by pandemic

The launch of India’s first human space mission, ‘Gaganyaan’, will not be affected by Covid-19 and preparations are going on in the right direction even amid the pandemic. This was disclosed by minister of state (independent charge) development of north eastern region (DoNE

How India is quietly resetting its economic engagement with China

For all intents and purposes, India is going to reset its relations with China and a subtle hint to this regard has been given by the Narendra Modi government after the deadly June 15/16 night face-off between the Indian army and PLA troops in the Galwan Valley in which 20 Indian soldiers lost their lives.



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter