NDA govt committed to reviving ailing steel industry, says Tomar
Union minister for steel Narendra Singh Tomar on Wednesday said the government is committed to addressing every problem and bottleneck of the ailing steel industry and achieving the target of production of 30 crore tonne per annum by 2025.chandigarh Updated: Jul 23, 2015 09:05 IST
Union minister for steel Narendra Singh Tomar on Wednesday said the government is committed to addressing every problem and bottleneck of the ailing steel industry and achieving the target of production of 30 crore tonne per annum by 2025.
He was here to address industrialists and government officials at the two-day Steel Mart organised by the Confederation of Indian Industry.
He said that to attain this target, the government, along with the industry, had set up the Steel Research and Technology Mission of India to promote collaborative research programmes in the steel sector.
Tomar said to bring down costs of steel manufacturers, there is need to bring down the interest rates, debt and transportation costs for steel industry. Proper rail connectivity of ports with raw material sites and steel plants, especially in the north, is imperative, to bring down the logistics costs and save time, he said.
The minister said there is an urgent need to promote and spread awareness about more and more usage of steel, especially in rural areas, to boost its demand and to save the ailing steel industry that is the backbone of all other industries.
He said he understood that secondary steel producers were passing through a tough phase. “To address these, we plan to meet both small and large steel industry players in August and draw a roadmap by finding out common solutions,” he said.
First Published: Jul 23, 2015 08:59 IST