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Jun 30, 2020

Steel industry plays fundamental role in economic development of nation: Dharmendra Pradhan

Union Minister for Steel Dharmendra Pradhan has said, the steel industry plays a fundamental role in the economic development of a nation.

Chairing a webinar today, Mr Pradhan said, India has become second largest producer of steel in the world and has the capacity to build quality products.

He said, but per-capita consumption of steel in the country is almost one-third of the global average and there is immense potential upside to it.

The Minister emphasized the need to identify the opportunities and challenges in increasing steel consumption.

He said that Ministry of Steel has already discussed with key infrastructure Ministries about more steel usage and is engaging with various departments, state governments and other stakeholders.

Mr Pradhan called for “Make in Steel” through a transition to more steel intensive construction.

He said, India is investing big time in creating infrastructure for future across sectors like railways, roads, civil aviation, energy, which will further provide impetus to the steel consumption in the country.

He informed that a working group will be set up which will regularly monitor the steps being taken to enhance the steel usage.

The Minister asked the Webinar participants to come with a few solid recommendations, which would be implemented.

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