Prime Minister Narendra Modi addressing India Steel 2025 program online on Thursday.
Prime Minister Narendra Modi has told the industry on Thursday that if you want to make India strong like steel, then work together. The Prime Minister said this while addressing the India Steel 2025 program online. According to PTI news, in this address, the PM said that the country needs to strengthen its global participation to protect raw materials to make strong, beneficial changes faster and make a strong India like steel.
Big concern is the protection of raw materials
According to the news, the PM also appealed to the unused new mines to start removing iron ore to increase steel production. Modi described steel as an emerging area and stated the need to increase its production, which is the backbone of development. He also asked to consider adopting new processes, innovating and reducing the import of coal. Modi said that a major concern is the protection of raw materials. We still depend on imports, cooking coal and imports for manganese. And that is why, we should strengthen global partnership, secure supply system and focus on upgrading technology.
Options such as better use of stores should also be explored
The Prime Minister said that the country should also seek options such as coal gassiization (coal from coal) and better use of its reserves to reduce coal imports. The Prime Minister said that the industry should be ready for the future and adopt new procedures, new levels and new scale. The country aims to increase steel production capacity to 30 million tonnes by 2030, which was 17.9 million tonnes in FY 2023-24. Also, the consumption of per capita steel is also targeted to increase from the present 98 kg to 160 kg in the same period.
New opportunities for steel sector
Modi said that the pace of development in roads, railways, airports, ports and pipeline is creating new opportunities for the steel sector. The increasing number of large projects will increase the demand for high level of steel. The steel used in the first indigenous aircraft carrier Vikrant and Chandrayaan Mission was manufactured locally. The Prime Minister said that the country has an ambition to build modern and big ships while monitoring the export market. High category steel will be required for such tasks.
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