Sminu Jindal, Chairperson, ASSOCHAM National Council on Iron & Steel and MD, Jindal SAW Ltd hosted ASSOCHAM’s 5th India Steel Summit today at the hotel Le Meridian to catalyze the developments of steel sector in the country.
Various eminent personalities like Beni Prasad Verma, Hon’ble Union Minister of Steel, Government of India, P.K. Misra, IAS, Secretary, Ministry of Steel, Government of India, C S Verma, Chairman SAIL, P.K. Bishnoi ,Co Chairman ASSOCHAM National Council on Iron & Steel & CMD Rashtriya Ispat Nigam Limited, Manish Pande Regional Director (India), CRU International, Clifford Patrao Director & Leader, strategy & transformation, IBM India, South Asia, , V R Sharma, Dy. MD & CEO (Steel Business)Jindal Steel & Power Ltd were present at the occasion.
This year the 5th India Steel Summit was organized with a motive to facilitate the further growth of steel industry in India and issues related to Regulatory & Policy issues, Capacity augmentation & Infrastructure requirements, Financial Options, Technology Selection, Environmental Consideration and Raw material and fuel linkages etc. concerning the steel sector were discussed during the summit.
Speaking on the occasion Sminu Jindal, Chairperson, ASSOCHAM National Council on Iron & Steel and MD, Jindal SAW Ltd said “As per the National Steel policy, the growth in the steel sectors has been anticipated to reach 200 million tones by 2019 – 20 from the current FY at 68 million tones. Today, India has successfully achieved the rank of 4th largest producer in the world and we have to make it number one by the year 2020.To attain the number one position we have to improve on issues like technology, energy, transportation and infrastructure which are creating hurdles in the growth of the industry.
Efficient use of energy is the main concern as the steel industry has the highest consumption of energy which makes it important for us to adopt alternate green renewable sources of energy for steel production as well as augmentation of steel production,” she further added.
Alongside discussing the issues like infrastructure, transportation, technology & energy, it was also highlighted that steel industry should also adopt accessible and inclusive CSR activities to enhance capacity and production and also showcase their commitment to sustainable economic development. Through such initiatives it is believed that the steel sector can achieve significant growth and can contribute to national development and prosperity.