Govt. willing to extend procurement preference to more steel and iron products: Jt., Secy, Steel

18 November, 2017

Description

The government is willing to extend the DMISP policy to cover more products stated the Joint Secretary, Ministry of Steel – Sunil Barthwal. Domestic demand must be met by indigenous production he stressed. Listing the step the government had taken to protect the Indian steel sector, the joint secretary noted that today all steel companies, even those under NCLT, are making profits.

The chief guest on the occasion was the Minister of State for Steel – Vishnu Deo Sai who stressed on the need to protect the environment. We must look to develop clean and green Steel and reduce our carbon footprint he stated.

The welcome address was delivered by the Chairperson of the ASSOCHAM National Council for Iron and Steel and MD, Jindal Saw Ltd – Sminu Jindal who applauded the government for its efforts to promote steel manufacturing in India. She also expressed her optimism regarding the future of the sector.

The Business Session witnessed the presence of Dean and Professor, Indian Institute of Finance – Dr. Saurabh Agarwal who delved into the problems faced by the steel sector. There is a need to rethink the policies that have led us here he asserted.

 The summit also witnessed the launch of a knowledge paper on the theme of the Summit, jointly prepared by ASSOCHAM and Care Ratings, besides technical discussions and presentations on themes such as Raw Material Security and Infrastructure Support and Make in Steel – Make in India, Demand Drivers, Innovation and Other Concerns.
Prominent dignitaries that participated in the proceedings included GM, Mines and Minerals, Jindal Steel and Power Ltd. – Gopal Kapoor; AVP, Mining, JSW Steel Ltd. – Rana Pratap; Senior Manager, Corporate Ratings, Care Ratings – Ajay Dhaka; Director, Railway Board- Satyendra Kumar; Member Technical, IWAI- Sanjay Gangwar; Secretary General, ASSOCHAM – D. S. Rawat and Senior Managing Committee Member and Former Director, Commercial, RINL – H. S. Chhatwal, besides many other industry leaders.