News
Dharmendra Pradhan Rolls Out Red Carpet For Japanese Steel Industry, Invites More Investments, Technology Transfer Into India


24th February, New Delhi
Shri Dharmendra Pradhan, Minister for Steel and Petroleum & Natural Gas today participated in a workshop on ‘Enabling Procedures for increase of steel usage for the growth of Economy’ The workshop aimed to hold deliberations among key stakeholders to further increase the steel usage in sectors such as construction & infrastructure for the growth of economy. The workshop was organised by Ministry of Steel, Govt. of India in collaboration with Confederation of Indian Industries, Ministry of Economy, Trade and Industry, Govt. of Japan and The Association for Overseas Technical Cooperation and Sustainable Partnerships of Japan. His Excellency, the Ambassador of Japan to India Mr. Satoshi Suzuki also participated in the workshop.
Addressing the inaugural session, Shri Pradhan focussed on collaborations of India and Japan to increase steel usage. Speaking about the Prime Minister’s vision of 5 trillion dollar economy, he said that various policy reforms and Governments’ initiatives like Pradhan Mantri Awas Yojana, Har Ghar Jal Yojana, unprecedented speed of construction in railways and roads, creation of a gas based economy, creation of new agri-storage facilities and many others are set to drive steel demand growth.
Speaking about energy sector, he said that in the next 20 years, India is set to be the largest energy market in the world. $60 billion is being invested in creation of energy infrastructure in the country. Addition of about 16,000 kms of gas pipelines will further give boost to steel demand.
Speaking about Indian steel sector, he said that with a large market, policy reforms, abundance of raw material, India is one of the most attractive global investment destinations in steel sector. Lauding Japan’s technological competence, he invited the Japanese industry to invest in India and get into technology transfer partnerships in order to tap the opportunities arising out of growing steel demand and generate employment opportunities in the country.
Speaking on the occasion, the Minister of State for Steel Shri Faggan Singh Kulaste said that steel is crucial to the development of any modern economy and is considered to be the backbone of industrial development. He mentioned about the usage of steel in developing disaster resilient structures. The Minister of State stated that the ministry is coordinating with other ministries to increase steel usage in the Government initiatives. Further, he highlighted the importance of such workshops emphasizing these will help to generate employment opportunities across the sector.
The workshop witnessed participation from policy makers, bureaucrats, steel PSUs, integrated steel producers, secondary steel producers, infrastructure developers, equipment manufacturers, user organizations & associations, academicians, secondary steel associations, steel consultants, among others.
-
News4 weeks ago
NAREDCO Mahi to host its 2ND Convention
-
News3 weeks ago
Phoenix Mills, B Safal launch Palladium
-
News4 weeks ago
SKA Group’s initiative for better child education on World Social Justice Day
-
News4 weeks ago
Bengaluru Home Habba to offer savings of up to Rs. 9 lakh for home buyers
-
News4 weeks ago
Bhumika Group to soon launch Phase II of its Urban Square Mall in Udaipur
-
News4 weeks ago
BCD Gp-ArisUnitern cross Rs 300 cr of development works in South India
-
News3 weeks ago
House of Hiranandani’s plogging initiative
collects over 100 kg waste from Thane city -
News3 weeks ago
NoBroker expands its Series E round with Google joining other investors