Aim to triple steel production by 2015, says Narendra Singh Tomar
COIMBATORE: Union Minister for Steel and Mines Narendra Singh Tomar has said that the country is striving hard to achieve its target of tripling the current annual steel production of 100 million tonnes by 2025.
“With this, India is expected to climb to the second place in steel production, from the third position,” he told the reporters during National Metallurgists’ Day celebration and awards ceremony organised by Indian Institute of Metals here on Saturday.
Globally, the steel industry is going through a crisis with a fall in production by 2.3 per cent this year. However, India has been able to show a four per cent increase in production despite heavy imports from China.
He said that the Union Government is committed to protect the steel industry and is also working with the indus-tryas it is also an employment generating sector.
Four new large steel plants would be established in Chhattisgarh, Jharkhand and Karnataka. “Work is underway at two plants and it would soon begin in two other plants,” he said.
He also said the Ministry of Steel is also committed to ensure and enhance the quality of production and Steel Research and Technology Mission of India (SRTMI) research facility will be established, with corpus fund of Rs.200 crore for research and development in the metal sector. This includes equal investment of Rs. 100 crore by the industry and the steel development fund.