Top Headlines
Home » Business » Demand for Domestic Iron and Steel Products Witnesses Substantial Growth

Demand for Domestic Iron and Steel Products Witnesses Substantial Growth

in Business November 9, 2018 Comments Off on Demand for Domestic Iron and Steel Products Witnesses Substantial Growth 694 Views

Newdelhi:9/11/18:   Efforts made by the Ministry of Steel have ensured placement of orders for domestic iron and steel to the tune of Rs. 8129 crore from June 2017 to October 2018. Ministry of Railways, ONGC, GAIL, EIL and HPCL have placed orders with domestic iron and steel manufactures for various categories of rails, pipe and tubes. These products were earlier imported but are now being procured from domestic producers. Discussions are on with Ministry of Railways to increase consumption of rails manufactured indigenously either through SAIL or other domestic manufactures. Efforts are also being made to on-board sectors like Defence and CPWD so that use of steel products manufactured in India grows.

 

In order to give preference to domestically manufactured iron and steel products (DMI&SP) in Government procurement, Ministry of Steel promulgated a Policy, which was notified on 8th May 2017.  To ensure that the Policy is implemented in letter and spirit, a Standing Committee under the Ministry of Steel chaired by Secretary Steel has been constituted to oversee its implementation.  A Grievance Committee has also been constituted to carry out grievance redressal which may arise while implementing the DMI&SP Policy.

The Ministry of Steel organized a Conclave in Bhubaneswar in October this year for domestic manufacturers of capital goods meant for the steel sector.  In this Conclave MoUsworth Rs.39400 crore were signed between foreign capital goods manufacturers and technology providers with Indian capital goods manufacturers and steel producers.  This will result in the manufacturing of capital goods for the steel sector within the country in the next 4 years.  This is a major shot in the arm for the ‘Make in India’ initiative of the Government of India.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
©2023 All rights Reserved. Orissa Film and Media Association || Powered By DATAGRAM INDIA
x

Check Also

Odisha Chief Secretary is closely monitoring the ongoing relief and rescue operations at train accident site

Bhubaneswart:3/6/23:Chief Secretary Sri Pradeep Jena is closely monitoring the ongoing relief and rescue operations. DC_Odisha Smt Anu Garg, and Principal secretaries of different Depts including IPROdisha, CTOdisha,EIT_Odisha are also present ...