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Union Minister for Steel and Petroleum & Natural Gas, Shri Dharmendra Pradhan participated in the “Indian Steel: Fostering Steel Usage in Railways & Defence Sectors” organised by the Ministry of Steel in association with Confederation of Indian Industry, CII. The key objective of the workshop was to have an in-depth discussion with the Railways and Defence sector to identify gaps and opportunities available in the supply of Steel and Steel Products.
Addressing the workshop, Shri Pradhan said that apart from having strategic implication, there is immense economic and social implications of enhanced steel usage across Railways and defence sectors. He said this will also help in creation of jobs. Emphasising the Ministry of Steel’s role as a bridge between the steel industry, Railways and Defence sectors, Shri Pradhan called for a strategic paper highlighting the specific long term requirement of these sectors to form an action plan with the steel industry for domestic fulfilment of the requirement.
Speaking about reducing imports, he emphasized on zero imports in railways and defence sector and further encouraged the domestic industry to produce special steel as per the industry requirements to support indigenisation. The Minister stressed upon the need to develop an ecosystem for start-ups that will support production of special steel and urged the investors and industry to come together in nation’s interest.
The Minister mentioned that Japan and Korea which earlier used to import raw materials and then produce value added steel to export, are experiencing rising cost of production. “Hence, it is opportune time for the Indian industry and the Ministry to create an action plan for production of value added steel for fulfilment of domestic demand and international demand going forward,” he added.
The Indian Army, Navy and Air Force along with DRDO and the Ordinance Factory expressed the great potential for domestic fulfilment of special steel alloy requirements in the defence sector and welcomed the Ministry’s efforts to act as a bridge between buyer and supplier. However, special emphasis was laid down on the quality requirements of the special steel alloys required for the defence sector. The defence sector also emphasized the need for concentration on value instead of volume and reiterated the importance of research in metallurgy and increased utilization of rare earth metals for the sector. A MoU was also signed between Ordnance Factories and SAIL to facilitate domestic fulfilment of steel requirement.
In his address, Shri Binoy Kumar, Secretary Steel laid emphasis on ensuring quality and competitiveness of steel in line with the increased steel usage. He stated that the Ministry will soon incorporate more steel products under the current quality control order. He also assured that import dependence and uncertainty around strategic steel requirements will be dealt with, and measures will be taken to reduce them.