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India must aim to become No. 1 quality steel producer: Min

Press Trust of India  |  New Delhi 

Chaudhary today said the Indian sector is "full of opportunities" and the country must aim to grab the numero position in production.

surpassed to become the second largest India's grew 3.43 per cent to 8.43 million tonnes (MT) in February. The country is also the largest of in the world.

"Indian is full of opportunities and we are already second largest (of crude) and must aim to become number one in by diversifying into wide range of high-quality products," the said.

He said this while felicitating the winners 'My Love Steel Idea Contest' organised by his ministry for coming up with best innovative business ideas in the sector.

The would continue to encourage new ideas and innovation in the for making steel an integral part of daily lives, he said.

The competition saw 68 entries, out of which three ideas were short-listed. The person who stood first was awarded a prize amount of Rs 5 lakh. The second and third were awarded a sum of Rs 3 and Rs 2 lakh each.

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

First Published: Tue, April 17 2018. 22:40 IST