The maiden regional conference of Eastern States, on the theme of ‘Enhancing steel consumption in India’ was inaugurated by the Union Minister of Steel Shri Chaudhary Birender Singh today in Gangtok, Sikkim.
Considering the low per capita steel consumption at 61 Kg in India vis-à-vis the world average of 208 Kg, there is a significant potential for improving the domestic steel consumption and this conference will explore all such avenues of steel use promotion. Speaking on the occasion, the steel Minister emphasized on the numerous advantages of steel and promotion of steel intensive structures for longevity, safety and reducing costs during the construction and added that steel industry should develop innovative ways to make common man understand the numerous advantages of Steel.
The minister said, “Steel is a product which has strong forward and backward linkages in terms of material flows and income generation. From construction, industrial machinery to consumer products, steel finds its way into a wide variety of applications.” He added that a strong steel industry is the foundation of nation’s rapid industrial development and India has become world’s 3rd largest steel producer and is expected to achieve an installed capacity of 300 MT of crude steel by 2030-31. The minister added that, “The flagship programmes announced by the Hon’ble Prime Minister, especially Make in India, Smart Cities, Digital India and Skill India, the intense thrust given by the Central Government on Affordable housing by giving it an infrastructure status, expansion of railway networks, development of domestic shipbuilding industry, opening up of defence sector for private participation, and the anticipated growth in the automobile sector, would lead to substantial demand for steel in the country.”