High Quality Steel Current Affairs - 2020
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On February 28, 2020, the Union Minister of Steel announced at a workshop organized by Confederation of Indian Industries (CII) that GoI is to make Odisha the steel hub of India. This is to be achieved by the Government with the help of Japan.
Odisha has been selected to establish steel hub due to its strategic location, availability of raw materials and strong connectivity. The city of Kalinga Nagar is to be developed as the epicenter of Mission Purvodaya. With implementation of the mission, more than 75% of steel is to come from eastern India with Odisha alone contributing more than 100 metric tonnes per annum.
The mission was launched in January 2020. It aims to develop Eastern India as an integrated steel hub. Under the mission, the GoI aims to generate employment opportunities and also increase growth of steel sector.
This will also help achieve the target of National Steel Policy, which is producing 300 MT of steel by 2030.
Tags: Chief Minister of Odisha • High Quality Steel • Ministry of Steel • National Steel Policy • Purvodaya
On January 10, 2020, the Ministry of Steel announced that it will launch “Purvodaya”, a world class steel hub. The hub aims at an accelerated development programme of eastern states. The Ministry will be joined by CII (Confederation of India Industries) in the implementation of “Purvodaya”.
The initiative aims at developing the eastern states through an integrated steel hub. The steel hub will create 2.5 million jobs in the region. It will create world-class logistics and infrastructure. This will also help in achieving India’s steel policy target of 300 MT by 2030.
The Steel Hub
The Steel Hub will develop steel clusters in the region. It will transfer the utilities and logistics infrastructure into socio-economic landscape. So far, 12 major steel zone has been identified under the initiative in the region.
Why Eastern States?
The 5 Eastern states namely West Bengal, Chhattisgarh, Jharkhand, Odisha and Northern Andhra Pradesh are extremely rich in coking coal, bauxite and dolomite reserves. The region also has major ports such as Haldia, Paradip, Kolkata and Vizag. Therefore, setting up a steel hub in the region will help India achieve its 5 trillion-dollar economy target fast.
The region also has potential to add 75% of country’s incremental steel capacity.
Tags: CII • Crude Steel • Eastern States • High Quality Steel • Ministry of Steel