Ministry of Steel to set up research and technology mission

The Ministry of Steel will set up a Steel Research & Technology Mission of India (SRTMI) to promote collaborative research programmes in steel sector. The Union Minister of Steel, Mines, Labour & Employment, Narendra Singh Tomar stated that SRTMI will be steel industry’s contribution to ‘Make in India, Made in India’ initiative. Investment on research & development in the steel sector must increase from present level of 0.2-0.3 % of turnover to international benchmark of 1-2 % of turnover by the leading companies, he added.
 
The task force, under the Ministry of Steel that conceptualised SRTMI, had recommended SRTMI to be formed as a registered society in close cooperation amongst the steel companies, Ministry of Steel, academia and relevant institutions in the country. SRTMI will be governed by a Governing Board of CEOs of steel and associated companies, domain experts of national and international repute, and one nominee from Ministry of Steel. There will be an Oversight Committee under the Chairmanship of Secretary (Steel) to periodically assess the functioning & performance of SRTMI.
 
SRTMI will carry out R&D in priority areas of national importance covering best usage of available raw materials & conservation of natural resources, optimum energy conservation & minimum emissions leading to innovations and in-house development of design, engineering & manufacturing facilities of key steel plant equipment. The task force further proposed that SAIL, Tata Steel, JSW Steel, JSPL, Essar Steel, RINL, NMDC & MECON will be the initial participating companies who will sign MOU besides Ministry of Steel.