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Business EconomyPosted at: Apr 23 2017 10:54PM


New policy on steel industry very soon after cabinet clearance :Union Steel Minister

Visakhapatnam, Apr 23 (UNI) Union Steel Minister Chaudhary Birender Singh today said the Centre will announce a new Steel Industry policy soon after obtaining the Cabinet clearance.
The policy will address many of the issues pending for a long time and it will enable the country to achieve the target of 300 million tonnes of production by 2030.

Addressing a press conference in the Visakhapatnam steel plant (VSP) here the conclusion of his two-day visit to the plant and the Smart city. He said a Cabinet note was being prepared to make the use of domestic steel compulsory in the Government projects.

He advised the Visakhapatnam steel plant to take advantage of the huge demand for steel in the several projects being taken up by the Andhra Pradesh Government in the aftermath of bifurcation, including the construction of the New Capital Amaravati.

He praised the Rashtriya Ispat Nigam Limited (RINL)- Visakhapatnam steel plant(VSP) for completing the expansion project and said the plant had a great advantage in having two ports in its vicinity. The plant was moving towards achieving international standards of efficiency.

He Stated that RINL-VSP there was no merger National Mineral Development Corporation (NMDC),

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