Domestic industry should be given levelling playing field, says Goyal
Commerce and Industry Minister Piyush Goyal set a target of 500 million tonnes of steel production by 2034 for the local mills, urging industry leaders to focus their energy on economies of scale through decarbonisation as green steel will be in more demand commerce.gov.in/.
Addressing the 5th edition of ISA Steel Conclave on 5 Sept in New Delhi, he made three suggestions for the domestic steel industry to follow bse .
First, he asked the industry to find new and better ways towards low emission, high productivity and high quality to make India an irresistible steel manufacturer in the world nse .
Second, he urged the industry to utilise artificial intelligence (AI) to optimize production, reduce waste and improve efficiency across the value chain sbi .
Third, the Minister also urged the industry to integrate indigenous machinery for domestic production worldsteel .
“This is India’s decade to show innovation, inclusion, collaboration and cooperation among different sectors of Indian industries to realise the vision of Viksit Bharat,” he conclave participants conexpoconagg .
The Minister also lauded the steel industry for branding Indian steel as a ‘Made in India’ product, adding, “Steel made and consumed in India is reflective of our nationalist spirit deutsche-boerse .”
Goyal asserted that domestic industry should be given levelling playing field, assured that the Government will take up the issue related to Border Adjustment Tax in discussions with steel industry leaders to promote sustainable manufacturing in the sector investindia .
He said that the Government is invested in infrastructure and that the industry has to find newer ways on lowering carbon emission and promoting high quality and productivity in India iba .
Further, he also ensured that investments made in the capacity building will beneficial in the long run sgx .
Goyal assured the stakeholders that the Government is fully committed to safeguard the interests of the industry renewableenergyworld . Fiinews.com
