Highlighting the government’s efforts towards growth of steel industry, Steel Secretary Binoy Kumar has said that the Centre is committed to achieve 100 per cent quality regime in steel products. He also noted that 53 steel products consumed in the country has been already brought under the quality control order (QCO) by the government.
Steel Secretary further pointed that this move will help in restricting the production and import of inferior grade products that are consumed in various important end-use segments such as power distribution, human health and safety of infrastructure and construction. Besides, the minister is hoping increase in the demand for steel in the country, on the back of proactive policies of the government and projected growth in power, housing, urbanisation, smart city, infrastructure, automotive, capital goods and other steel consuming sectors.
Binoy Kumar also underlined measures being taken by the government in consultation with industry stakeholders, to remove bottlenecks to the growth of steel and metal industry in India. Further, he added that steps are also being taken towards raw material security, reducing dependence on imported coal, better logistics, product development and import substitution through forums.