Steel manufacturers ask for govt support for expansion projects
Steel

Steel manufacturers ask for govt support for expansion projects

Steel manufacturers have requested the government for assistance in creating demand on Monday, in addition to addressing other issues such as logistics and expedited clearances for capacity expansion.

Steel Minister Ram Chandra Prasad Singh met with members of the apex industry body Indian Steel Association (ISA) at his office here, according to the Ministry of Steel.

The meeting was attended by ISA President and SAIL Chairperson Soma Mondal, CEO AMNS India Dilip Oommen, Tata Steel CEO T V Narendran, JSW Steel Chairman Sajjan Jindal, and JSPL Chairman Naveen Jindal.

The ministry said during the meeting, steel makers discussed issues such as creating steel demand, notifying PLI scheme rules, notifying the National Mineral Index, logistics and freight issues, and obtaining quick clearances for capacity expansion, among other things.

The minister assured them that they would receive full support in resolving the issues.

Singh also advised the steel industry to increase demand by raising awareness of steel's use in projects such as housing, domestic gas, and water pipelines.

Singh directed ministry officials to hold a meeting with industry representatives to address their concerns.

The Ministry of Steel is a government of India executive branch agency in charge of formulating all policies relating to steel production, distribution, and pricing in India. As of July 2021, the ministry is led by Ramchandra Prasad Singh, a cabinet minister, and assisted by Faggan Singh Kulaste, a Minister of State.

Image Source


Also read: Ministry of Steel urges CPSEs to raise capex, streamline project ops

Steel manufacturers have requested the government for assistance in creating demand on Monday, in addition to addressing other issues such as logistics and expedited clearances for capacity expansion. Steel Minister Ram Chandra Prasad Singh met with members of the apex industry body Indian Steel Association (ISA) at his office here, according to the Ministry of Steel. The meeting was attended by ISA President and SAIL Chairperson Soma Mondal, CEO AMNS India Dilip Oommen, Tata Steel CEO T V Narendran, JSW Steel Chairman Sajjan Jindal, and JSPL Chairman Naveen Jindal. The ministry said during the meeting, steel makers discussed issues such as creating steel demand, notifying PLI scheme rules, notifying the National Mineral Index, logistics and freight issues, and obtaining quick clearances for capacity expansion, among other things. The minister assured them that they would receive full support in resolving the issues. Singh also advised the steel industry to increase demand by raising awareness of steel's use in projects such as housing, domestic gas, and water pipelines. Singh directed ministry officials to hold a meeting with industry representatives to address their concerns. The Ministry of Steel is a government of India executive branch agency in charge of formulating all policies relating to steel production, distribution, and pricing in India. As of July 2021, the ministry is led by Ramchandra Prasad Singh, a cabinet minister, and assisted by Faggan Singh Kulaste, a Minister of State. Image SourceAlso read: Ministry of Steel urges CPSEs to raise capex, streamline project ops

Next Story
Equipment

Ammann India Inaugurates ABG Screed Assembly Station and ASRS

Ammann India, one of the leading concrete equipment players in India, has inaugurated its new ABG Screed Assembly Station and Automated Storage and Retrieval System (ASRS) at its advanced manufacturing facility. The event was graced by Hans-Christian Schneider, Group CEO of Ammann Group, alongside the leadership team led by Dheeraj Panda, Managing Director of Ammann India. The ABG Screed Assembly Station is set to enhance operational efficiency and ensure high-precision assembly, reinforcing Ammann’s commitment to delivering world-class paving solutions. This new station reflects the compa..

Next Story
Real Estate

How Rising Property Prices Are Shaping Real Estate Market

The global economy significantly influences real estate markets, with factors such as inflation, interest rates, and investment trends impacting property prices worldwide. Despite affordability concerns, demand remains robust, particularly in the mid-income and luxury segments. According to CREDAI reports, property prices in key metropolitan cities have increased by 10 to 11 per cent year-over-year. To address the strong demand for premium housing, developers are adopting innovative financing models and focusing on sustainable development. Foreign investments, regulatory reforms like RERA, an..

Next Story
Equipment

Caterpillar Powers Today and Drives Tomorrow at bauma 2025

Caterpillar Industrial Power Systems will showcase a range of optimised, fuel flexible engines, integrated advanced power technologies and services solutions at bauma Munich from April 7-13. The theme, “A journey to a lower-carbon future,” highlights Caterpillar’s ongoing commitment to sustainably powering a better world. The bauma Munich exhibit in Hall A4, stand 336, includes the award winning Cat® C13D and a new high power C3.6 delivering 106 kW (142 hp). The stand features the first showing of a series hybrid power expansion powertrain, part of a growing electrification ecosystem ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?