Union Steel Minister HD Kumaraswamy has said that steelmakers need to collaborate with leading institutions such as the Indian Institute of Science (IISc) and the Indian Institutes of Technology (IITs) to create a globally-competitive and technologically-advanced steel industry.
He said India's steel sector stands as the backbone of its industrial strength and a cornerstone of nation-building. "From skyscrapers to highways, railways to defence, steel powers our progress and fuels our ambitions," he said.
Speaking on the occasion of the National Metallurgists Awards ceremony in Bengaluru on Wednesday, he said, "To create a globally-competitive and technologically-advanced steel industry, our steelmakers need to collaborate with leading institutions like IISc and IITs (Indian Institutes of Technology) for research."
Specialty steel, Kumaraswamy said, is also a crucial sector where research and innovation is the need of the hour.
The minister said that under the leadership Prime Minister Narendra Modi, the country is on a path towards becoming a USD five trillion economy, and steel will remain at the heart of this transformation, showcasing India's resilience and reinforcing its leadership on the global stage.
"Yet, challenges persist - volatile markets, sustainability imperatives and the need for innovation," he noted.
