The Union Ministry of Steel will organise a conclave on “Capital Goods in Steel Sector: Manufacture in India” here on October 23 (Tuesday).
Briefing mediapersons in New Delhi, Union Steel Minister Chaudhary Birender Singh said that the proposed conclave would be held to promote domestic capacity and capability building and manufacturing of capital goods in the steel sector. It would be organised with support of MECON and CII. The objective is to transform India into a world class manufacturing hub through massive collaborative efforts with best-in-class institutes and industry around the world, he said.
The National Steel Policy (NSP)-2017 envisages setting up of 300 Million Tonnes (MT) steel capacity by 2030-31. There will be a huge investment of over Rs 800,000 crore in the sector.
Five Union Ministers, Singh, Commerce, Industry and Civil Aviation Minister Suresh Prabhakar Prabhu, Petroleum and Skill Development Minister Dharmendra Pradhan, Heavy Industry and Public Sector Enterprises Minister Anant Gangaram Geethe and Minister of State for Steel Vishnu Deo Sai along with Chief Minister Naveen Patraik are scheduled to attend the conclave, said an official release.
Twenty MoUs will be signed on the occasion.
