Pradhan appeals Steel industry to reimagine strategy

Speed Post News Network

New Delhi  : Petroleum and Natural Gas & Steel Minister Dharmendra Pradhan on September 19, 2019, assured the steel industry that the Government will be its friend and facilitator and is committed to creating a conducive atmosphere for the industry.

Inaugurating the 3^rd International Galvanising Conference in New Delhi on September 19, Pradhan said that growth in India’s energy needs will also fuel the growth in Steel consumption. PM Awas Yojana, Har Ghar Jal Yojana, plan to provide piped natural gas in 400 cities – all present great opportunity for the steel sector. He appealed to industry to reimagine strategy, contribute towards vision of $5 Trillion economy. India is blessed with raw material availability, demographic dividend, vast coastline and a large market, the Minister said.

Pradhan said the industry must focus on producing high quality, low cost products. “ The steel industry must touch the lives of common citizens. Galvanised steel can play an important role by being cost effective. India is blessed with raw material availability, demographic dividend, vast coastline and a large market. We have the potential to benchmark our Steel industry with the best in the world. We must link our aspiration to the world market. Prime Minister Narendra Modi’s vision of $5 Trillion economy is not mere slogan, we must all work together to realise this vision. Industry must reimagine strategy to position itself as a global leader. Zinc industry is poised to grow, ensuring longevity of steel by reducing corrosion, and thereby adding to the GDP of the country,” he added, according to a PIB release.

The Minister of state for Steel  Faggan Singh Kulaste said that galvanisation of steel with the help of Zinc makes it corrosion resistant at less cost compared to the stainless steel. The more it is used, better it will be for the country. He said that industry should contribute positively in development of people and places, which have benefitted less from the economic growth. The steel industry must touch the lives of common citizens, he added.