(MENAFN- KNN India) Union Steel and Mines Minister, Narendra Singh Tomar on Wednesday assured that the ministry will soon meet all the small and secondary steel producers to understand and mitigate their concerns. He said future of steel industry is bright as it has an important role to play in the Make in India campaign under the leadership of Prime Minister Narendra Modi.
He was addressing at the Steel Mart-2015, the 4th International Conference and Exposition on India Steel industry organised by CII in Chandigarh. This year's theme is 'Going global and sustainable' with 'driving make in India' being the sub-theme.
The minister informed that the government is also working on enhancing the capacity through green field projects in 4 states.
MOUs have already been signed for the states of Chhattisgarh and Jharkhand. Under this plan, using Special Purpose Vehicle(SPV) route, a steel plant of 3 million tonne annual capacity would be created initially, which would later be enhanced to 6 MT in each of the four states. Thus a capacity of 24 MT would be added through this route, he said.
Tomar emphasised that excessive import is a problem for steel industry which wants tariff and non-tariff barriers when consumer wants steel products at lower price.
He said the government is taking steps to take care of these concerns.
"We also need to improve productivity and reduce consumption of energy to remain competitive in the world. Mining sector has been going through a tough time. At the time of formation of NDA government, there were numerous challenges in mining sector," he said.
During his Chandigarh visit, Tomar also met the Governor Haryana, Kaptan Singh Solanki and the state Chief Minister, Manohar Lal.
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