Monday, June 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Projects: Tomar lists the potential of steel usage in rural India

Fiinews by Fiinews
October 21, 2020
in Investment, Manufacturing, Projects, Tenders
Reading Time: 3 mins read
A A
0
PIB

Pradhan addressing a webinar on steel usage in rural India.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Disbursement of Rs.1 lakh crore Agriculture Infrastructure Fund starts, says Pradhan

Rural Development Minister Narendra Singh Tomar has listed the potential of steel usage in the rural regions, highlighting some of the estimated capital expenditures.

These are:

The centre and state governments have estimated capital expenditure of Rs.773,915 crores between fiscals 2020 and 2025 on rural infrastructure development.

Also, the Government is launching the Rs.80,000 crore third phase of Pradhan Mantri Gram Sadak Yojana (PMGSY-III).

Further, the Department of Drinking Water and Sanitation will be implementing the Jal Jeevan Mission, costing Rs.360,000 crore, to provide functional household tap connection to every rural household by 2024. The program will be implemented on a shared cost basis by the states and centre Governments.

Additionally, Rs.248,626 crores would be invested in rural housing under PMAY Gramin and about Rs.162,329 crore would be invested to improve rural roads under PMGSY.

All these schemes shall require a large quantity of Steel and thus industry need to bring focus on meeting such rural demands, said Tomar at the Inaugural Session of the Webinar on ‘Atmanirbhar Bharat: Fostering Steel Usage in Rural Economy’ on 20 Oct 2020.

Tomar expressed hope that the webinar presentations and discussions will provide useful insights about key growth drivers, issues, challenges and opportunities for fostering domestic steel usage in the rural sector.

Steel Minister Dharmendra Pradhan informed that the government has started disbursing Rs.1 lakh crore Agriculture Infrastructure Fund with many new sectors being given priority.

“We are developing 5,000 Compressed Bio-Gas (CBG) plants across the country,” he pointed out.

Reserve Bank of India has recently included CBG in the priority sector for development.

“We are working on making ethanol from rice. The mission to ensure housing for all, investments in rural roads, railway infra augmentation and impetus to agriculture will all create greater steel demand,” said Pradhan.

The Government will also infuse Rs.10,000 crore for the production of 100 crore litres of ethanol across the country from rice. All these will generate maximum benefit to rural India, he added.

The webinar is a part of a series of consultations the Steel Ministry is holding with various stakeholders so that any gap between the user and the producer is filled up in the shortest possible time.

The Ministry will identify and initiate the top four action areas in association with the Confederation of Indian Industry (CII) shortly to bring the desired result in increasing per capita steel consumption of the country.

Organised by the Steel Ministry in association with CII, the webinar was attended by more than 1,000 stakeholders from different sectors. #projects #tenders #development #steel #housing #infrastructure /fiinews.com

Tags: Ministry of Rural DevelopmentMinistry of Steel
ShareTweetShare

Related Posts

Deakin University
Projects

Project: Deakin’s Gift City first placement done

by Fiinews
June 2, 2025
0
11

Transformative moment for Deakin and India, says Prof. Bajaj Deakin University's GIFT City campus has successfully concluded its first-ever placement...

Ashwinder Singh 2
Projects

Project: Tier-II and III cities new growth engines

by Fiinews
June 2, 2025
0
12

Indian real estate story is being rewritten As India’s real estate growth enters a new phase, a silent but significant...

Make In India

Project: Trial of defence systems underway

June 2, 2025
15
Aai

Project: Satna-Datia airports inaugurated

June 2, 2025
16
Afcons

Project: PM inaugurates Afcons Kanpur metro

June 1, 2025
13
PIB

Tender: PM officiates on Rs48,520cr Bihar projects

June 1, 2025
18
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Deakin’s Gift City first placement done
  • Project: Tier-II and III cities new growth engines
  • Market: Pune GCC leads Sonny’s expansion
  • Market: Spark expands to MEASA from Dubai
  • Market: Phantom wins high-value contracts

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.