Author: Chinmay Nimgoankar Publisher: CN Publications
ISBN:
Category :
Languages : en
Pages : 20
Book Description
Make in Steel Make in India is a complete e-Book with the 3 Years Initiatives and Achievements of The Government of India (Ministry of Steel). India is the world’s third-largest producer of crude steel (up from eighth in 2003) and is expected to become the second-largest producer. The steel sector in India contributes nearly two per cent of the country’s gross domestic product (GDP) and employs over 6,00,000 people. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output. The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous modernisation and up-gradation of older plants and higher energy efficiency levels. Presently, India’s crude steel capacity is around 126 Million Tonnes (MT) and Production of crude steel was 97.4 MT during 2016-17.
