PSUs, Rail­ways place ₹8,129-cr or­ders with do­mes­tic steel mak­ers

The Hindu Business Line - - NEWS -

In a big boost to the ‘Make in In­dia’ drive, gov­ern­ment PSUs and the Rail­ways have placed or­ders for iron and steel to the tune of ₹8,129 crore with do­mes­tic man­u­fac­tur­ers dur­ing June 2017 to Oc­to­ber 2018, the Min­istry of Steel said on Fri­day.

It said with such or­ders de­mand for do­mes­tic iron and steel prod­ucts has wit­nessed a sub­stan­tial growth.

It said the Min­istry of Rail­ways, ONGC, GAIL, EIL and HPCL have placed or­ders with do­mes­tic iron and steel man­u­fac­tur­ers for var­i­ous cat­e­gories of rails, pipes and tubes. Th­ese prod­ucts were ear­lier im­ported but are now be­ing pro­cured from do­mes­tic pro­duc­ers.

“Dis­cus­sions are on with Min­istry of Rail­ways to in­crease con­sump­tion of rails man­u­fac­tured in­dige­nously ei­ther through SAIL or other do­mes­tic man­u­fac­tures. Ef­forts are also be­ing made to on­board sec­tors like De­fence and CPWD so that the use of steel prod­ucts man­u­fac­tured in In­dia grows,” the state­ment said.

The Min­istry of Steel had or­gan­ised a con­clave in Bhubaneswar last month for do­mes­tic man­u­fac­tur­ers of cap­i­tal goods meant for the steel sec­tor. “In this con­clave MoUs worth ₹39,400 crore were signed be­tween for­eign cap­i­tal goods man­u­fac­tur­ers and tech­nol­ogy providers with In­dian cap­i­tal goods man­u­fac­tur­ers and steel pro­duc­ers,” it said. This will re­sult in the man­u­fac­tur­ing of cap­i­tal goods for the steel sec­tor within the coun­try in the next four years.

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