Enhancement of steel consumption is need of hour: Dharmendra Pradhan


New Delhi: The steel industry plays a fundamental role in the economic development of a nation, Minister of Steel and Petroleum & Natural Gas Dharmendra Pradhan said.

Pradhan said that we have to identify the opportunities and challenges in increasing steel consumption. Talking about the IspatiIrada, Pradhan said: “Ispat is not just a material but it is a state of mind. India has an ‘IspatiIrada’ to be an inclusive developed nation.

The Minister chaired a webinar on “IspatiIrada: Enhancing steel usage with focus on construction and infrastructure sectors” here on Tuesday.

Minister of State for Steel Faggan Singh Kulaste, Secretary, Steel, Senior officers from the Ministry of Steel, subject experts, industry leaders, academicians, researchers, large users and regulators also participated in the webinar.

Speaking on the occasion Pradhan said India has become second largest producer of steel in the world. The country has the capacity to build quality products, but per-capita consumption of steel in the country is almost one-third of the global average.

He said that it is not a mere slogan, but a manifestation of the Government’s determination to strengthen the economy, ameliorate the condition of the poor, improve environment and enhance employment opportunities.

The union minister said that the collaborative branding campaign ‘IspatiIrada’ has the objective of promoting appropriate steel usage in the country.

He said that Ministry of Steel has already discussed with key infrastructure ministries about more steel usage, and is engaging with various departments, state governments and other stakeholders. He called for “Make in Steel” through a transition to more steel intensive construction.

India is investing big time in creating infrastructure for future across sectors like railways, roads, civil aviation, energy, which will further provide impetus to the steel consumption in the country.

In his address, Kulaste said that there is wide scope of increasing the consumption of steel in the country, particularly in the rural areas. The consumption of steel in the rural areas is almost one-quarter of the national average, he added.

He said that the increase in steel consumption will give impetus to the economic activities, help in improving the environment, and provide employment opportunities.

He said that the Government has announced National Infrastructure Pipeline of Rs 103 lakh crore in the infrastructure sector and this will lead to enhanced steel demand.



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