Tuesday, 29 September 2020

Dharmendra Pradhan Rolls Out Red Carpet For Japanese Steel Industry

Updated: March 14, 2020 4:12 pm

Dharmendra Pradhan, Minister for Steel and Petroleum & Natural Gas today participated in a workshop on ‘Enabling Procedures for increase of steel usage for the growth of Economy’ The workshop aimed to hold deliberations among

key stakeholders to further increase the steel usage in sectors such as construction & infrastructure for the growth of economy. The workshop was organised by Ministry of Steel, Govt. of India in collaboration with Confederation of Indian Industries, Ministry of Economy, Trade and Industry, Govt. of Japan and The Association for Overseas Technical Cooperation and Sustainable Partnerships of Japan. His Excellency, the Ambassador of Japan to India

Mr. Satoshi Suzuki also participated in the workshop.

Addressing the inaugural session, Shri Pradhan focussed on collaborations of India and Japan to increase steel usage. Speaking about the Prime Minister’s vision of 5 trillion dollar economy, he said that various policy reforms and Governments’ initiatives like Pradhan Mantri Awas Yojana, Har Ghar Jal Yojana, unprecedented speed of construction in railways and roads, creation of a gas based economy, creation of new agri-storage facilities and many others are set to drive steel demand growth.

Speaking about energy sector, he said that in the next 20 years, India is set to be the largest energy market in the world. $60 billion is being invested in creation of energy infrastructure in the country. Addition of about 16,000 kms of gas pipelines will further give boost to steel demand.

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