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Centre to help Odisha be global hub of ancillary steel industry: Pradhan

IANS  |  Bhubaneswar 

Union said on Saturday that the Centre in cooperation with the will try to develop as a global hub of ancillary industry in the sector.

said the youth will benefit from the endeavour.

is the second largest producing nation in the world while is the hub of in the country and the state can play an important role in the world steel sector, he said.

Pradhan, who is also the Petroleum and Natural Gas Minister, reviewed the post-Fani situation in Puri along with Pratap Sarangi, of State for MSME, Fisheries and Animal Resources.

and Sarangi visited the state for the first time after becoming Union Ministers in the second term of the Narendra Modi-led NDA government.

"There has been good progress in restoration and around 30 per cent hotels are currently functional. Loan restructuring for the hotel industry has been initiated as per the RBI guidelines," Pradhan said.

He also suggested that banks should expedite and restoration of ATMs and point of sales (POS) devices before the upcoming Rath Yatra festival scheduled to be held in the first week of July.

Pradhan urged to consider the request of hotel association members for around 30 per cent interim payment.

He also suggested the banks to conduct a one-day brainstorming with all stakeholders to develop a blueprint for the economic revival of the affected areas by leveraging the power of MUDRA loans and the expertise of FINTECH agencies.

--IANS

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

First Published: Sat, June 08 2019. 22:12 IST
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