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India


Birender Singh to inaugurate ‘Make in Steel’ Conference tomorrow

Birender Singh to inaugurate ‘Make in Steel’ Conference tomorrow

New Delhi, Feb 16 (UNI) The proposed National Steel Policy, imposition of anti-dumping and safeguard duties, emphasis on cashless transactions and need for innovative policies leading to increase in domestic consumption are among major issues to be discussed in ‘Make in Steel’ Conference tomorrow. Union Steel Minister Chaudhary Birender Singh will inaugurate the conference here to deliberate on a roadmap for the resurgence of India’s steel industry and address its concerns, especially low domestic consumption of steel, volatility in prices, global overstocks and import of cheap products from steel-surplus countries like China and Japan. The event is being organised by KATM, a leading multi-commodity e-commerce platform, with support from Union Ministry of Steel, JSW Steel, ESSAR Steel, SAIL, MESCO Steel and Arttdinox. Over 300 delegates from 15 countries, including China, Japan, South Korea, Russia and Iran, are attending the event. Around 25 steel experts will participate in the brainstorming sessions on issues like Demand Generation in ‘Infrastructure’ (Bridges, Highways and Flyovers, Projects and Construction, Defence); ‘Transit System’ (Rail, Metro, Shipping), ‘Automobiles’, ‘Rural’ (low housing, sanitation, agricultural equipment, warehousing and steel silos) and ‘Consumer Durables and General Engineering’ (white goods, furniture, pipes and tubes) besides ‘Wealth from Waste: Scrap Recycling’. Experts will discuss measures to ensure cashless transactions in steel sector in the wake of demonetisation of high value currencies and the country’s push towards becoming a less-cash economy. Use of Swadeshi steel, in tune with the Prime Minister’s ‘Make in India’ programme, for sustainable growth of the industry, will also come for deliberations. UNI NY SB 1352

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