News: 'India could be global metal hub'
(PTI 23/07/2006) New Delhi - National Manufacturing Competitiveness Council has said it is quite puzzling to see India not emerging as the global metal hub despite possessing natural resources and world class engineering and metallurgical talent.
"We have the engineering, metallurgical talent and yet we are not growing. We are endowed with natural resources such as iron ore, coal, and other minerals. We have the capacity to design the equipment that goes into the plants," Council chairman V Krishnamurthy said at a CII meeting.
Tata Steel Managing Director B Muthuraman said India could also meet the needs of its neighbours like China and Vietnam as they don't have the resources but have the demand.
Government needs to recognise that metals industry could be a big engine for growth and look at it from that perspective rather than try to solve some transient problems. The target is to create a vibrant 400 million tonne industry, he added.
"We need to earmark specific tracts of land near the coast or near the source of raw material as the steel projects require large tracts of land.
Many states don't have rehabilitation policies, which are a hindrance for acquiring land for projects, Muthuraman said.
Industry specific infrastructure like roads, rail, ports connecting the mines and the plants should be created.
Water crisis is yet another factor that affects the industry, he said. "Steel production is a water guzzler therefore there is a need to have mega water projects. Unless the water problem is solved the steel industry could not achieve the desired growth rates”.
"We have the engineering, metallurgical talent and yet we are not growing. We are endowed with natural resources such as iron ore, coal, and other minerals. We have the capacity to design the equipment that goes into the plants," Council chairman V Krishnamurthy said at a CII meeting.
Tata Steel Managing Director B Muthuraman said India could also meet the needs of its neighbours like China and Vietnam as they don't have the resources but have the demand.
Government needs to recognise that metals industry could be a big engine for growth and look at it from that perspective rather than try to solve some transient problems. The target is to create a vibrant 400 million tonne industry, he added.
"We need to earmark specific tracts of land near the coast or near the source of raw material as the steel projects require large tracts of land.
Many states don't have rehabilitation policies, which are a hindrance for acquiring land for projects, Muthuraman said.
Industry specific infrastructure like roads, rail, ports connecting the mines and the plants should be created.
Water crisis is yet another factor that affects the industry, he said. "Steel production is a water guzzler therefore there is a need to have mega water projects. Unless the water problem is solved the steel industry could not achieve the desired growth rates”.
posted by InCar Group Press Room at 11:31
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