Indian Steel Production Capacity to 300 million tonnes by 2030: Union Minister for Steel

Hyderabad, July 9 (Agency) Union Minister of State for Steel & Rural Development Faggan Singh Kulaste on Saturday said in line with the philosophy of Atmanirbhar Bharat Indian Steel Production Capacity to touch 300 million tonnes by the year 2030. Delivering his address during the interactive session with the Telangana Iron & Steel Manufacturers Association (TISMA), Faggan Singh appreciated the work being done by TISMA & FTCCI and briefed enumerated the policy initiatives introduced by the Union Government.

After listening to various points brought out by the Association during the interaction, the Union Minister promised that they are already seized of the issues mentioned and he will suitably take-up all the points with higher officials in the Ministry as well as with Chief Ministers of concerned states such as Chhattisgarh, Odisha. President Sunil Kumar Saraf, Vice President. Neeraj Goenka, General Secretary Vinod Kumar Agarwal (MPL Group), Joint Secretary Sudhanshu Shekar, Treasurer Shri Vinod Kumar Agarwal, Executives Members & all other members of TISMA have participated in the meeting. Earlier in his welcome address, TISMA President Saraf highlighted that TISMA is producing 3.6 million Tonnes of finished product per annum, contributing Rs. 3000 Crores towards GST to the National Exchequer & providing direct Employment to over 50,000 people.

Saraf also thanked the union Government for taking up the issues of Steel Manufacturers, particularly the export/import duties, logistics constrains, R&D , helping domestic Steel Industry to improve and maintain its competitiveness in the Global Market. Speaking on the occasion, K. Bhaskar Reddy President, Federation of Telangana Chambers of Commerce and Industry (FTCCI) also brought out various issues faced by Telangana State. He appealed to the Union Minister to give special care to the 3 Adivasi districts of Telangana. During the meeting, TISMA members had raised a number of issues such as “One Nation One Tariff “(Electricity), raw material availability (Iron Ore from NMDC), Monopoly markets, Export duties, issue of high phosphorus ores.