National Steel Policy of India

0
447
Steel - Make In India
Steel - Make In India
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 29 Second

National Steel Policy

By PIB Delhi

National Steel Policy enshrines the long term vision of the government to give impetus to the steel sector.  The policy envisages to create a technologically advanced and globally competitive steel industry that promotes self-sufficiency in steel production as well as economic growth. Steel being a de-regulated sector, government acts a facilitator, by creating enabling environment for development of steel sector.  Various initiatives taken by the Government are as following:- 

(i) Domestically Manufactured Iron & Steel Products (DMI&SP) Policy with an objective to encourage production and consumption of domestically produced steel.

(ii) Steel Scrap Policy to enhance the availability of domestically generated scrap.

(iii) Issuance of Steel Quality Control Orders to prevent manufacturing and  import of non-standardized steel.

(iv) Steel Import Monitoring System (SIMS) for advanced registration of steel imports.

 (v) Engagement with various stakeholders including industry associations and leaders of domestic steel industry to identify their issues required to be addressed by the concerned Ministries/Departments of the Central Government and State Governments.

(vi) Engagement with relevant stakeholders including those from the Ministry/ Department of Railways, Defence, Petroleum and Natural Gas, Housing, Civil Aviation, Road Transport and Highways, Agriculture and Rural Development sectors to enhance the overall demand for steel in the country.

(vii) Inclusion of ‘Specialty Steel’ under the Production Linked Incentive (PLI) Scheme recently announced by the Government

(viii) Various schemes as notified from time to time to refund or exempt taxes and duties levied on inputs used in export production like Duty Drawback Scheme and Advanced Authorization Scheme etc. to improve the cost competitiveness of exported items.

This information was given by the Union Minister for Steel Shri Dharmendra Pradhan in a written reply in the Lok Sabha today.

About Post Author

Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Advertisements

IBG NEWS Radio Services

Listen to IBG NEWS Radio Service today.


InterServer Web Hosting and VPS

Brilliantly

SAFE!

2022