"Indian steel industry must gain competitive edge"

Last Updated: Fri, Nov 16, 2012 19:13 hrs

Jamshedpur, Nov 16 (IBNS) Union Steel Minister Beni Prasad Verma on Friday said that Indian steel industry must gain competitive edge through innovation.

He said this at the Golden Jubilee celebration of the National Metallurgists' Day (NMD) Awards organized by Indian Institute of Metals (IIM) in Jamshedpur on Friday.

Verma said that the most important challenge is to gain a competitive edge in the global market through innovative means.

Elaborating on the challenges before the steel industry, he said, the other thrust areas include production of 'Green Steel' and ensuring 'Zero Accidents' in operations.

The Steel Minister enumerated the efforts being made by Government of India to promote the steel sector and ensure raw material security for the domestic steel industry.

Speaking about the role played by the Ministry in the development of the nation, he said, the steel industry has the potential to be a catalyst of growth in the future and lead to progress of the nation in the times to come.

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