Indian government prepares policy to develop steel clusters
2020-09-23 13:34:23 [Print]
The Indian government has prepared a draft framework policy for the development of steel clusters in the country.
Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic.
The idea behind setting up such clusters is twofold. First, the government wants to increase production of value-added steel. In addition, it wants to generate employment.
Minister of Steel Dharmendra Pradhan made the announcement of the draft framework policy in India's Parliament. The minister said the policy will aim to set up of greenfield steel clusters, along with development and expansion of existing steel clusters.
Each of these hubs will come up in proximity to integrated steel plants and steel demand centers. The hubs will then enable capacity expansion through provision of a cohesive ecosystem. Such an ecosystem includes effective forward & backward linkages, single-window mechanism for swift approval of clearances and best-in-class logistics infrastructure.
Work on the policy, however, started sometime in late 2019 but ran into a hurdle because of the COVID-19 pandemic.
The idea behind setting up such clusters is twofold. First, the government wants to increase production of value-added steel. In addition, it wants to generate employment.
Minister of Steel Dharmendra Pradhan made the announcement of the draft framework policy in India's Parliament. The minister said the policy will aim to set up of greenfield steel clusters, along with development and expansion of existing steel clusters.
Each of these hubs will come up in proximity to integrated steel plants and steel demand centers. The hubs will then enable capacity expansion through provision of a cohesive ecosystem. Such an ecosystem includes effective forward & backward linkages, single-window mechanism for swift approval of clearances and best-in-class logistics infrastructure.
