Steel Minister Dharmendra Pradhan consults MPs on cluster model, new policy

New Delhi: Meeting of the Consultative Committee of the Members of Parliament for the Ministry of Steel was held here yesterday. The Minister of Steel and Petroleum & Natural Gas, Dharmendra Pradhan, chaired the meeting on ‘Steel Cluster Development’. Minister of State for Steel, Faggan Singh Kulaste, and other Members of Parliament – Vijay Baghel, Chandra Prakash Choudhary, Janardan Singh Sigriwal, Bidyut Baran Mahato, Saptagiri Sankar Ulaka, Akhilesh Prasad Singh, Satish Chandra Dubey and Narendra Kumar Swain also took part in the meeting.

Welcoming the members, Pradhan said that steel has been playing an important role in the industrial development of India, as it is a key input for critical sectors such as infrastructure, construction and automobile. He informed that India’s steel capacity has steadily grown to 142 MTPA, with the country becoming the world’s second largest producer of steel. He said that the total steel consumption is expected to nearly 160 MTPA by 2024-25, and the Government is promoting domestic production and consumption of steel.

Pradhan added that the Secondary Steel producers contribute about 55% of the total steel production, and it also contributes significantly to employment generation across the value chain. He said that globally, the steel industry has thrived in a cluster model, as they enhance the competitiveness of these units.

Pradhan said that the Central Government is keen to facilitate the creation of new steel clusters in line with the global benchmarks, and establish the right institutional mechanism to systemize the existing clusters. Pradhan stated that draft policy for the development of steel clusters in India prepared by the Ministry of Steel is an endeavour to help resolve the existing challenges faced by the steel units and unlock their growth potential. The policy will take into account the role and responsibilities of various stakeholders, particularly the State Governments, industry and the people, he said.

The MPs who were in attendance made many important suggestions regarding the steel sector, and particularly about the cluster policy.

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The ID Staff

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