SME Times is powered by   
Search News
Just in:   • India’s services exports reach 10 pc of GDP, trade deals offer new opportunities  • Centre ups outlay for fertiliser subsidy by Rs 19,000 crore to boost farm output  • Choked at Hormuz: The Threat to MSMEs  • Govt to keep fiscal deficit within revised estimates, no shortage of fertilisers: FM Sitharaman  • Crude prices cool down as US allows all countries to buy Russian oil 
Last updated: 16 Jun, 2022  

Steel.9.Thmb.jpg Need to provide right ecosystem for secondary steel sector: Minister

Steel.9.2.jpg
   Top Stories
» Centre ups outlay for fertiliser subsidy by Rs 19,000 crore to boost farm output
» KV Ramana Murty appointed as SEBI’s whole‑time member
» Crude rally continues: Brent hits $100, WTI jumps 8 pc amid Middle East supply concerns
» India targets $100 billion textile exports by 2030-31: Giriraj Singh
» Sensex, Nifty post moderate losses over Middle East conflict
PIB | 16 Jun, 2022

The Union Minister of Steel Ram Chandra Prasad Singh emphasized the need of supporting and providing the right ecosystem for secondary steel sector and consumers as target of achieving 300 million tonnes of steel capacity by the year 2030, in an interaction meet to understand the challenges faced by the secondary steel sector and steel consumers of Gujarat steel, held today at Surat, (Gujarat).

The Minister stressed that all these targets can be achieved only with the active participation of secondary steel producers and steel consumers. He also stressed upon the synergy between state and central Govt. policies for achieving the intended target of ease of doing business.

Meeting was attended by South Gujarat Chamber of Commerce, around 50 members of secondary steel & Steel consumers Association of Gujarat and officials from Ministry of Steel and Govt. of Gujarat. Role of secondary steel players in Nation building, provision of various scheme for secondary steel sector were discussed in the meet.

Representatives of Gujarat Steel sector   presented their issues faced by them.

Earlier in the day, The Steel Minister also visited Diamond Bourse, World's  Largest Business Complex Established for all  Diamond Business  activities under one roof.

The said complex has used around 54000T steel in the form of TMT bars, all produced by Secondary Steel manufacturers.

The Minister said that this shows that the steel produced by Secondary Steel producers meeting all the quality requirement of the high rise buildings and congratulated all the secondary steel players.

He also advised steel players to take more interest in developing niche steel products so that country's need can be met indigenously.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter