The Union Minister of Steel & Mines Shri Narendra Singh Tomar underscored the importance of sprucing up Research & Development (R&D) work in the iron and steel industry. Addressing the inaugural session of 8th India Steel Summit organized by ASSOCHAM here today, he said that Better R&D means better resource utilization, better cost efficiency, better products and world-class exports. Shri Tomar informed the gathering that the ministry has taken a decision to set up a forum for Research & Development in steel sector with proposed initial corpus of Rs 100 crore from Steel Development Fund (SDF).
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