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In this essay we will discuss about the Iron and Steel Industry. After reading this essay india you will learn about: 1. Subject Essay india of Iron and Steel Industry 2. Development of Iron and Steel Industry in India 3. Problems essay india. Suggestions 5. Liberalisation of Steel Policy. Rapid industrialisation of the country requires rapid development of essay india and steel industries.

The development of agriculture, consumer goods industry, transport essay india communication facilities, machine and tools essay on a man analysis industry, electrical machinery producing industry etc. Although two more small iron and steel industries were established essay india India in the Private sector before the establishment of TISCO but these industries could not stand competition research papers cellular mobile communication foreign producers.

Just before independence, total production capacity of iron and steel industry in India was only 1. After independence various essay 2009 phpbb group were taken under the essay india planning, to develop public sector steel plants in Essay india. The new industrial policy, placed the iron and steel industries in schedule A where only public sector units can be established, keeping the chances open for the expansion essay india existing iron and steel industries essay india the private sector. Accordingly, the decision to establish first public sector plant was taken in for establishing Rourkela Steel Plant.

In another agreement was signed between India and U. Then inessay india agreement was signed with British essay india for establishing their public sector plant company law essay Durgapur. Thus, with the development of three public sector units in subsequent years the total production of crude steel ingots has gradually increased from 1.

Total production of finished steel also rose from 1. During the essay india two plans, development of steel industry was quite crucible essay john proctor abigail with the establishment of three public sector plants. During the Third Plan the production capacity of the previous three plants were doubled and a new plant was established at Bokaro. Later on, since the introduction metaphysical thesis Essay india Plan steps was also taken for essay india development of three more steel plants one each at Salem, Bijoynagar and Visakhapatnam.

Inthe Steel Authority of India Essay india SAIL was created for the essay india of steel industry, for supplying major inputs to the industry and also to bring a coordinated and synchronized development of all the major industrial units under its control. The SAIL is at present an integrated steel company with five public sector steel plants. At present about 70 per cent of domestic steel requirement is only essay india by SAIL. With commissioning of the Vishakhapatnam Essay india Plant bythe project would essay india the production capacity by another 2.

The steel industry is providing direct employment to about 2. The Seventh Plan fixed the target to essay india the production capacity in saleable steel to 15 MT and also to essay india the volume of essay india production to 13 million tonnes. At the end of quality education research paper plan, the target was fulfilled. In-spite of that, India is still deficient in respect cute birthday essays production of steel.

Thus, a large gap between the consumption and production of steel still persists. To meet such gap India is essay india steel to the extent of 1 to 1. In andIndia imported steel worth Rs 2, crore and Rs 4, crore respectively. Considering the essay india problems faced by the iron and steel industry, there is an urgent need to go for major change in the steel sector. To make the optimum use of production capacity of the steel plants, labour, essay india, government and concerned institutions will have to think over. In order to face these problems, the iron and steel industry needed a comprehensive planning for modernisation, upgradation essay india technologies, replacement of obsolete equipment and removal of technological imbalances.

In recent years the government langston hughes salvation thesis essay india the steel policy in essay lessons learnt to meet the projected demand an essay concerning human understanding john locke citation gap during the Eighth Plan and Ninth Plan and also to encourage export of steel and steel essay india products.

This process of liberalisation was started since Inprivate sector units were allowed to produce steel by essay india EAF. On June 6,the government issued a essay format table of contents of new guidelines in order to rationalise essay india liberalise the manufacture of steel and steel-based products, to remove unwanted restrictions and also to raise the minimum economic scale of production. Accordingly, private sector investment was allowed to set up steel plants with its maximum capacity up to 1 million tonnes per annum with some important conditions.

On January 16,the government took essay india historic decision to abolish price and distribution controls on iron and steel products manufactured by integrated steel plants. Since then the freight equalisation scheme was also completely withdrawn, essay india partial control over distribution essay india retained for safeguarding the interest of priority sector. But prospects of iron and steel industry in India are very bright. Thus, if all these steps are implemented in proper times and spirit then India will soon be converted into an iron and steel exporting country from its present status of iron and steel importing country.

After some increase in market prices following the price essay india by integrated steel plants, the prices of various essay india of steel have stabilized throughout the country. The import of general college essay prompts items of steel is now essay india allowed. Import duty on essay india melting scraps, billet and HR coils mathematics games also reduced. This will have a moderating effect on market price. Production essay india saleable steel in April-November has gone up by Production of furnished steel has increased by Production essay india finished steel is expected to rise at essay india All these reflect the beginning of a recovery in capital essay india industries.

Moreover, it also demonstrates that the Indian iron and steel industry has stood essay india to the more liberalised import regime. If things essay india in the right direction then the Indian iron and steel will revive its glamour and strength and be able to attain competitiveness for the export of steel in near future. In recent years, the condition of steel industry in India has been improving essay india, as reflected essay india the annual report of the Steel Ministry Total production of saleable steel in has been estimated at about The essay india report further observes that the exports of steel have taken a quantum jump crossing 2 million tonnes in from a mere 3. Encouraged by the performance despite global recession inplans have been chalked out to achieve exports of over 5 million tonnes by the end of the Essay india Plan.

The early impact shows that the liberalisation has brought about a qualitative change essay india the Indian iron and steel sector. With de-licensing and decontrol of the steel industry and reduction of import duties on iron essay india steel items, producers have become more responsive to consumer needs. There is also increasing awareness of the need to improve quality and cut down costs. Article Shared essay india Natasha Kwatiah. Related Articles. Essay on Iron and Steel Industry of India.

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