Standing Committee on Coal and Steel, chaired by Rakesh Singh, in its report also recommended the ministry should inform it about the progress of setting up of Special Purpose Vehicles (SPVs).
Although, steel is a deregulated sector since 1991-92, the committee said the government should not absolve itself from the crucial facilitative role it has to play in preparation of a roadmap so that the enhanced target of 300 million tonnes (MT) of production by 2025 is realised.
"... The ministry should also play a proactive role to resolve certain contentious issues especially like obtaining environmental clearances which have become a major roadblock in implementation of many projects," it said.
The committee also asked the Steel Ministry to apprise it of the "details of MoUs signed among CPSEs, State Governments and State Public Enterprises for setting up of Special Purpose Vehicles (SPVs) in the States of Odisha, Jharkhand, Karnataka and Chhattisgarh and the progress made therein."
Earlier this year, the government had announced that it will set up ultra mega steel plants in four states by forming SPVs in collaboration with PSUs and States.
"The committee note that instead of giving any details of the action, the Ministry of Steel have merely stated that they have noted the observation of the Committee.S
"The Committee, therefore, desire that they may be apprised of the action being taken by the Ministry for merger of these subsidiary companies with RINL," it added.
The committee said that Steel Ministry is "silent" on the its recommendation regarding manpower and infrastructure available with Hindustan Steelworks Construction Ltd (HSCL) to undertake works in rural areas of Tripura and Jharkhand.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
