The national steel
policy, 2017 will give a shape to the Make In India and the Steel In
India," Union Minister of Steel Chaudhary Birender Singh mentioned while
briefing media here on Thursday.
To revamp the preference to domestically manufactured steel products in
government-sponsored projects and to aim to triple the production
capacity over the next 13 years the cabinet passed the policy on
Wednesday. While elaborating the holistic approaches Singh assured that
the government with sustainable agencies will monitor the
techno-economic performance of all steel plants in every six months.
The ministry also welcomed more FDIs and the Joint Secretary Aruna
Sharma added, "Transfer of technology or production of automotive steel
and other special steels will be facilitated by setting up joint
ventures with global organizations."
The minister also asserted that the further investment ratio will remain
same between PSUs, government and other private organizations, but will
be curtailed for PSUs in terms of infrastructure. "10% of the allotted
budget for infrastructure, Rs. 4 Lakh Crore will be invested in the
domestic production of steel," Singh added.
The main focus is on urban development, rural development, roads and
highways, car manufacturing, railways etc. Science is also another prime
area.
The ministry has also focused on the availability of washeries coal,
pellets and import of coking coal. According to the government, the
pelletization and washeries will save 1/4 foreign import of coking coal
and increase utilization of 20-25% domestic coal. The government is also
in talk to shift Jharia as a smart city as the area could be major
block for coking coal in India.
Meanwhile, the committee led by Cabinet secretary will measure the steel
cluster proposal, where the government is seeking co-operation of PSUs
and all stakeholders in providing lands and its vertical utilization,
Joint Secretary Aruna Sharma said.
The minister also assured that WTO compliances will be maintained and 33
products have already been notified under the mandatory quality
certification mark scheme of BIS.
Read more at: http://www.millenniumpost.in/business/business-240185
Read more at: http://www.millenniumpost.in/business/business-240185
"The
national steel policy, 2017 will give a shape to the Make In India and the
Steel In India," Union Minister of Steel Chaudhary Birender Singh
mentioned while briefing media here on Thursday.
To revamp the preference to
domestically manufactured steel products in government-sponsored projects and
to aim to triple the production capacity over the next 13 years the cabinet
passed the policy on Wednesday. While elaborating the holistic approaches Singh
assured that the government with sustainable agencies will monitor the
techno-economic performance of all steel plants in every six months.
The
ministry also welcomed more FDIs and the Joint
Secretary Aruna Sharma
added, "Transfer of technology or production of automotive steel and other
special steels will be facilitated by setting up joint ventures with global
organizations."
The minister also asserted that the further investment
ratio will remain same between PSUs, government and other private
organizations, but will be curtailed for PSUs in terms of infrastructure.
"10% of the allotted budget for infrastructure, Rs. 4 Lakh Crore will be
invested in the domestic production of steel," Singh added.
The main focus
is on urban development, rural development, roads and highways, car manufacturing,
railways etc. Science is also another prime area.
The ministry has also focused
on the availability of washeries coal, pellets and import of coking coal.
According to the government, the pelletization and washeries will save 1/4
foreign import of coking coal and increase utilization of 20-25% domestic coal.
The government is also in talk to shift Jharia as a smart city as the area
could be major block for coking coal in India.
Meanwhile, the committee led
by Cabinet secretary will measure the steel cluster proposal, where the
government is seeking co-operation of PSUs and all stakeholders in providing
lands and its vertical utilization, Joint Secretary Aruna Sharma
said.
The minister also assured that WTO compliances will be maintained and 33
products have already been notified under the mandatory quality certification
mark scheme of BIS.
Millenium Post Kolkata Edition, 4th May, 2017
The national steel
policy, 2017 will give a shape to the Make In India and the Steel In
India," Union Minister of Steel Chaudhary Birender Singh mentioned while
briefing media here on Thursday.
To revamp the preference to domestically manufactured steel products in
government-sponsored projects and to aim to triple the production
capacity over the next 13 years the cabinet passed the policy on
Wednesday. While elaborating the holistic approaches Singh assured that
the government with sustainable agencies will monitor the
techno-economic performance of all steel plants in every six months.
The ministry also welcomed more FDIs and the Joint Secretary Aruna
Sharma added, "Transfer of technology or production of automotive steel
and other special steels will be facilitated by setting up joint
ventures with global organizations."
The minister also asserted that the further investment ratio will remain
same between PSUs, government and other private organizations, but will
be curtailed for PSUs in terms of infrastructure. "10% of the allotted
budget for infrastructure, Rs. 4 Lakh Crore will be invested in the
domestic production of steel," Singh added.
The main focus is on urban development, rural development, roads and
highways, car manufacturing, railways etc. Science is also another prime
area.
The ministry has also focused on the availability of washeries coal,
pellets and import of coking coal. According to the government, the
pelletization and washeries will save 1/4 foreign import of coking coal
and increase utilization of 20-25% domestic coal. The government is also
in talk to shift Jharia as a smart city as the area could be major
block for coking coal in India.
Meanwhile, the committee led by Cabinet secretary will measure the steel
cluster proposal, where the government is seeking co-operation of PSUs
and all stakeholders in providing lands and its vertical utilization,
Joint Secretary Aruna Sharma said.
The minister also assured that WTO compliances will be maintained and 33
products have already been notified under the mandatory quality
certification mark scheme of BIS.
Read more at: http://www.millenniumpost.in/business/business-240185
Read more at: http://www.millenniumpost.in/business/business-240185
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