A- A A+
Last Updated : Apr 14 2021 9:41PM     Screen Reader Access
News Highlights
Govt cancels CBSE Exam for Class 10th; postpones Class 12th exams; PM Modi says well being of students is top priority of govt            VP M Venkaiah Naidu and PM Modi interact with Governors and LGs on COVID-19 situation in country            Centre approves increase in production of Remdesivir and reducing its prices            Strict restrictions come into effect in Maharashtra for a fortnight from tonight to curb spread of COVID-19 pandemic            Health Minister Dr Harsh Vardhan launches Aahaar Kranti mission to spread awareness about nutrition           

Business News

Sep 24, 2020
6:00PM

Govt stresses need to cut import dependence for special grade steel

@fskulaste
The government today stressed the need to cut import dependence for special grade steel.
 
Union Minister of State for Steel Faggan Singh Kulaste, while speaking at a FICCI event,  exhorted the domestic players to go for research and development activities .
 
Mr Kulaste said, though the country is the second largest producer of crude steel in the world, it is hugely dependent on imports for special grade steel.
 
The minister asked steel makers to identify those grades of steel which are not manufactured in the country and are widely used and develop them in India.
 
He said the industry players can do research and development (R&D) activities, go for transfer of technology or form Joint Venture to set up special grade steel plants in the country. 
 
Mr Kulaste said, this will help India become Aatmanirbhar in value-added steel and save huge forex outgo besides generating employment opportunities.
 
AIR correspondent reports, the government has also prepared a draft framework policy for development of steel clusters in the country that will help to increase production of value-added steel and generate employment.

   Related News

Live Twitter Feed

Listen News

Morning News 14 (Apr) Midday News 14 (Apr) Evening News 14 (Apr) Hourly 14 (Apr) (1910hrs)
समाचार प्रभात 14 (Apr) दोपहर समाचार 14 (Apr) समाचार संध्या 14 (Apr) प्रति घंटा समाचार 14 (Apr) (1900hrs)
Khabarnama (Mor) 14 (Apr) Khabrein(Day) 14 (Apr) Khabrein(Eve) 14 (Apr)
Aaj Savere 14 (Apr) Parikrama 14 (Apr)

Listen Programs

Market Mantra 14 (Apr) Samayki 1 (Jan) Sports Scan 14 (Apr) Spotlight/News Analysis 14 (Apr) Employment News 14 (Apr) रोजगार समाचार 14 (Apr) World News 13 (Apr) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 14 (Apr) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 10 (Apr) North East Diary 11 (Apr)