Current Affairs

STEEL MANUFACTURING CAPACITY

STEEL MANUFACTURING CAPACITY

Steel is a deregulated sector and government acts as a facilitator. The decision regarding increasing manufacturing capacity is taken by industry based on techno-commercial considerations including raw material availability, distance from port, logistics etc. The Government has taken the following measures to create a conducive policy environment for boosting the steel sector in the country including Jharkhand:-

 

 

 

 

 

 

 

 

 

Development of infrastructure such as transportation and power supply are a continuous and dynamic process taken up based on socio-economic considerations, liabilities of ongoing projects, overall availability of funds and competing demands. In the state of Jharkhand, the present length of National Highway (NH) is 3,633 km, length of railway lines is 3,070 km and the installed capacity of power utilities is 3002.50 MW which supports the growth of all industries, including steel. Infrastructure projects valued at over Rs.70,000 crore are in various stages of commissioning in the state of Jharkhand.

 

The Ministry of Steel has notified the Production Linked Incentive (PLI) scheme for specialty steel to promote the manufacturing of ‘Specialty Steel’ which will create additional employment in steel sector within the country including the state of Jharkhand.

 

This information was given by the Union Minister for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Lok Sabha today.

 

  1. Promotion of ‘Made in India’ steel and expanding investments:-

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