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Odisha can produce 100 million tonnes of steel: Steel Minister

Capital Market 

Union of Chaudhary Birender Singh stated that has become the second largest producing country. In the financial year 2017-18, produced more than 100 million tonnes of Industry has come out of the difficulties faced during 2014-15 and 2015-16 due to various policy interventions by the Government of Policy and DMI&SP Policy were notified during 2017 giving direction and fillip to the domestic industry.

Odisha is a major steel producing State contributing more than half of in the country. It is rich in minerals and mines and has a potential to produce 100 million tonnes of steel out of 300 million tonnes envisaged in Policy by the year 2030-31. is a major industrial hub. Around 15 are located in this region which include public sector plants like NINL and private sector plants like TATA Steel, Jindal Stainless Limited, and MESCO.

To achieve the common objective of producing 300 million tonnes by 2030, enhanced production from and Odisha State is important. The expressed the hope that Kalinganagarwill develop potential for downstream facilities which include ferro alloy plants, duct pipes, steel furniture, as well as units.

Industry representatives spoke about increased need for utilizing ore fines for so that precious ore can be preserved. The discussed in detail the challenges to the growth of Industry, such as logistics in terms of development of ports and increasing capacity of Indian railways, creating dedicated freight corridors to move raw materials as well as finished goods. The Steel Minister expressed confidence that both and together find solutions at policy and operational level to achieve higher level of production in Odisha.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 13:04 IST