Posted on 07 Oct 2022
The Indian steel ministry has set up advisory committees to settle the issues faced by integrated steel plants and the secondary steel sector. The committees will also encourage them to achieve the targeted crude steel production capacity of 300 million tonnes/year by the fiscal year ending 31 March 2031 (FY31), Kallanish notes.
"Ministry of Steel has constituted two advisory committees under the chairmanship of Hon’ble Steel Minister (HSM), one each for the integrated steel plants (ISP) and the secondary steel sector,” the ministry observes.
“Eminent members of the steel industry, associations, academia, and senior retired officials from the government are members of the committees. These committees take cognizance of the issues being faced by the sector and deliberate on the ways and means to mitigate them so as to achieve targeted crude steel production capacity of 300m t/y by 2030-31, as envisaged in the National Steel Policy 2017,” it adds.
Furthermore, the ministry is also developing a blueprint to develop “Vision 2047” – to take production capacity to 500m t/y.
“In pursuance to the Government of India’s focus on developing a blueprint to steer the economy over ‘Amritkaal’, the ministry has initiated the work on steel sector vision over ‘Amritkaal’ i.e., up to the year 2047. Towards this, the ministry is extensively engaged with all the concerned stakeholders and has been holding consultations with them to develop and finalise the contours of ‘Vision 2047’ for the sector,” the ministry concludes.
Source:Kallanish
