New Delhi, Sep 19 : Steel Minister Dharmendra Pradhan on Thursday assured the industry that the Government will be its friend and facilitator, and is committed to creating a conducive atmosphere for the industry.
'Industry must focus on producing high quality, low cost products,' Mr Pradhan said at the inauguration of the 3rd International Galvanizing Conference here.
'The steel industry must touch the lives of common citizens. Galvanised steel can play an important role by being cost effective,' he said.
India is blessed with raw material availability, demographic dividend, vast coastline and a large market, he said.
'We have the potential to benchmark our Steel industry with the best in the world. We must link our aspiration to the world market. Prime Minister Narendra Modi's vision of USD 5 Trillion economy is not mere slogan, we must all work together to realise this vision. Industry must reimagine strategy to position itself as a global leader. Zinc industry is poised to grow, ensuring longevity of steel by reducing corrosion, and thereby adding to the GDP of the country,' he maintained.
The minister said that growth in India's energy needs will also fuel the growth in Steel consumption.
PM Awas Yojana, Har Ghar Jal Yojana, plan will provide piped natural gas in 400 cities - all present a great opportunity for the steel sector.
Mr Pradhan appealed to industry to reimagine strategy, contribute towards vision of USD 5 Trillion economy, adding that India is blessed with raw material availability, demographic dividend, vast coastline and a large market.
Minister of State for Steel Faggan Singh Kulaste said that galvanization of steel with the help of Zinc makes it corrosion resistant, at less cost compared to the stainless steel, adding that the more it is used, better it will be for the country.
He said, 'Industry should contribute positively in development of people and places, which have benefited less from the economic growth. The steel industry must touch the lives of common citizens.' (UNI)