India is now the world's 3rd largest steel producing country
Advertisement
Advertisement
India has left behind the US to become the world's third largest By 2025, the government has fixed a target of 300 million tonnes production capacity and steel ministry is working out an action plan and strategies to achieve this target, the minister said.
"So far India was the 4th largest steel producer in the world only after China, Japan and the US. However, during the first five months of this calendar year, India has achieved the 3rd position in the global steel production," said Tomar .
He elaborated that Indian
According to Tomar, Indian steel industry is already in expansion mode. The older steel plants are being modernised and expanded. New green field plants are also coming with state-of-the-art technologies.
Advertisement
He further said that recently
On Research and Development to sustain the long-term growth of the Indian steel industry, the minister asserted that the problems in raw material area need to be addressed to utilise low-grade ore and high ash coal through R&D and technology interventions. Tomar also emphasised on the need to pursue R&D for development of value added products for which we are dependent on import.
(Image: PIB)
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- Private Equity Investments
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market