India Now Global No 2 in Steel - Modi

PM - strong steel, robust infra

India Now Global No 2 in Steel - Modi

Govt Working On Carbon Reduction, Reusing Carbon

ArcelorMittal Nippon Steel India Hazira plant will be job generator for Gujarat and India, says PM Modi.

NEW DELHI, Oct 28 (The CONNECT) - Prime Minister Narendra Modi today said an investment of Rs 60,000 crore in ArcelorMittal Nippon Steel India (AM/NS India) Hazira plant will create huge employment opportunities for the youth in Gujarat and the country.

In his video message on the occasion of expansion of the plant, the Prime Minister said that through the steel plant, not only investment is taking place but doors of many new possibilities are also opening. After this expansion, the crude steel production capacity at Hazira Steel Plant will increase from nine million tonnes to 15 million tonnes, he said.

Underlining the growing role of the steel industry in goals of moving towards a developed India by 2047, the Prime Minister said that a strong steel sector leads to a robust infrastructure sector. Similarly, the steel sector has a massive contribution in roads, railways, airport, ports, construction, automotive, capital goods, and engineering products.

He noted that along with the expansion, a totally new technology is coming to India which will be a huge help in the electric vehicle, automobile and other manufacturing sectors. “I am sure that this project of ArcelorMittal Nippon Steel India will prove to be a milestone in the vision of Make in India. This will give new strength to our efforts for a developed India and self-reliant India in the steel sector”, he said.

Referring to the world’s expectations from India, the Prime Minister said that India is rapidly moving towards becoming the world's largest manufacturing hub and the government is actively engaged in creating the necessary policy environment for the development of this sector. “Due to everyone's efforts in the last 8 years, the Indian steel industry has become the second largest steel producing industry in the world. There is immense potential for development in this industry”, he said.

Meanwhile, World Steel Association data for September showed China produced 86.95 million tonnes in September 2022, up 17.6% on September 2021. India produced 9.9 million tonnes, up 1.8% followed by Japan produced 7.1 Mt, down 12.3% and the US 6.6 Mt, down 7.5%.

Steel Ministry said India is currently the world’s 2nd largest producer of crude steel in January - December 2021, producing 118.20 Million tonnes crude steel with growth rate 17.9% over the corresponding period last year.

The Prime Minister listed the measures to further promote the Indian steel industry. He said the PLI scheme has created new avenues of its growth.

INS VIKRANT: Giving the example of INS Vikrant, the Prime Minister informed that the country has gained expertise in high-grade steel whose use is increasing in critical strategic applications. The Prime Minister said that the scientists of DRDO developed the special steel used in the aircraft carrier. Indian companies produced thousands of metric tons of steel. And INS Vikrant was completely ready with indigenous capability and technology. To promote such capability, the country has now set a target of doubling the production capacity of crude steel. The country produces 154 tonnes of crude steel and the target is to achieve 300 tonne-capacity in the next 9-10 years, he said.

Pointing out the challenges that come across when the vision of development is taking place, the Prime Minister gave the example of carbon emissions for the steel industry. He explained that on the one hand India is expanding the capacity to produce crude steel and on the other it is also promoting the use of environment friendly technologies. The Prime Minister added, “Today, India is emphasising on developing such production technologies which not only reduce carbon emissions but also capture and reuse carbon.” He further informed that the circular economy is also being promoted in the country and the government and the private sector are working together in this direction. “I am glad that the Hazira project of AMNS India group is also giving a lot of emphasis on the use of green technology”, the Prime Minister said.

In concluding the address, the Prime Minister remarked, “When everyone starts making efforts towards a goal with full force, then it is not difficult to realise it.” He emphasised that the government is committed to take the steel industry to new heights. “I am sure that this project will give impetus to the development of the entire region and the steel sector”, he added.

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