Governance Now Visionary Talks Series

Govt plans to install 300 mn tonnes of steel capacity by 2030, says steel minister

Chaudhary Birender Singh says SAIL is at par with any other international steel enterprise

GN Bureau | June 13, 2018


#Chaudhary Birender Singh   #Steel   #National Steel Policy   #SAIL   #PSU  
Chaudhary Birender Singh says SAIL is at par with any other international steel enterprise
 
Union minister of steel Chaudhary Birender Singh has said that SAIL is a major contributor of the country’s steel production industry and is foremost in terms of production technology. Singh recently visited SAIL’s Rourkela Steel Plant where he dedicated rebuilt Blast Furnace-1 ‘Parvati’ to the nation.
 
Earlier, Singh had laid the foundation stone of the burns and plastic surgery department of super specialty block at Ispat General Hospital.
This unit will cater to the needs of people in Rourkela and neighboring districts. 
 
Singh said, “Steel production in the country has reached three digit numbers for the first time in history, notching up 102 million tons in 2017-18. It has been one of the major achievements in the last four years. India has surpassed Japan as the second largest steel producer globally and has also become a net exporter of steel in the last two years. The rated steel production capacity has reached a level of 134 million tons, an increase of 32 percent in the last four years,” he said, adding that at present the steel industry contributes 2 percent to the country’s GDP.
 

Elaborating about the National Steel Policy (NSP) he said, “As per the policy, we plan to install 300 million tons of steel capacity by 2030. The capacity addition at SAIL’s Rourkela Steel Plant will be a step towards realizing of this aspiration. We also plan to double RSP’s capacity to 8.2 million tons.” 

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