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Letters: Much-needed steel policy

Source : BUSINESS_STANDARD
Last Updated: Fri, Feb 08, 2013 04:10 hrs

This refers to the report “Steel policy on cards to iron out woes” (February 5). A new steel policy was long overdue owing to the recent and not-so-recent issues, including land acquisitions, mining rights and enviornmental clearances, taking a toll on the industry’s growth rate. With India expected to become the second-largest producer of crude steel in the world by 2015 and the capital-intensive nature of the steel industry with a long but lasting realisation cycle, due attention must be given to dispose of problems hindering its progress.

M L Kabir, Kolkata

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New Delhi 110 002

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