Kulaste urges industry to be vocal about their requirements
India needs to urgently switch to Green Steel production using hydrogen and reducing dependency on imported coal, Steel Minister Ram Chandra Prasad Singh said at the national conference on the sector on 27 Mar 2022.
“There is an urgent need to move towards Green Steel along with the country’s ambitious vision of using Hydrogen. Iron and steel industry will be big beneficiary as coal can be replaced by Hydrogen and reducing our dependency on imported coal,” he said at the conference on “Making India Atmanirbhar in Steel – Role of Secondary Steel Sector”.
Strategy needs to be devised to reach target of 300 million tonnes steel production by 2030 and 500 million tonnes by 2047.
The Minister said that increase of iron ore production and other needed raw materials need proper strategic directions with suitable policy support.
Strategy needs to be devised to reach target of 300 million tonnes by 2030 and 500 million tonnes by 2047. The Minister said that increase of iron ore production and other needed raw materials need proper strategic directions with suitable policy support.
He applauded the industry for having raised production to 120 million tonnes in 2021-22 from 22 million tonnes in 1991.
The Minister of State for Steel Faggan Singh Kulaste also urged the industry to be vocal about their requirements and put views of the industry forward.
The Government will work towards establishing environment-friendly industry, he assured.
“The secondary steel sector is a diverse industry in itself. Ideas generated through the conference will be helpful in setting policy directions for the Government,” said Kulaste.
The Conference was organised with aim of providing a platform to players in the secondary steel sector to share their views on the challenges faced by the sector and ways in which the Ministry can create an ecosystem in which the industry can thrive. fiinews.com
