'Adequate supply of manpower a challenge for steel industry'

Image
Press Trust of India New Delhi
Last Updated : Jun 11 2014 | 5:15 PM IST
Adequate supply of skilled labour could pose a big challenge for the steel industry which will need 2.85 lakh more such workers to treble the annual capacity to 300 million tonnes within 10-12 years.
As per estimates by the domestic steel industry, as India increases its capacity from around 100 MT now, an additional 2.85 lakh workforce would be required, considering the productivity at 700 tonnes of crude steel produced per person, per year.
"There are a lot of challenges to be faced as India plans to raise capacity to 300 MT per annum. Apart from fund and equipment, getting adequate supply of manpower is a big problem," an official with a private firm said.
The Indian steel industry employs around two lakh people at present, including around 97,000 by SAIL itself.
Factoring that 15 per cent of total manpower in a steel plant are engineers, the state-run steel firm estimates that there would be an additional requirement of 43,000 engineers in the industry by 2024-25.
Metallurgy might be a viable option for students as the steel industry would fill up to 30 per cent of its projected engineers' need from among metallurgists.
"Taking into account the requirement for research and development an other supporting activities, there would be an additional requirement of around 15,000 metallurgists for the steel industry itself in next decade," SAIL Chairman C S Verma said.
India has around 30 institutes which teach metallurgy at present. The total seats in these institutes is about 1,800.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 11 2014 | 5:15 PM IST

Next Story