‘’India is important to iron and steel producing country in the world yet, we are not able to perform our full potential. Comment on this statement.
India is the 4th largest producer of crude steel in the world.
The challenges faced by this industry are :
1. Coking coal has limited availability and also is costly.
2. The labour has lower productivity.
3. Since the industry requires huge energy supply, which could no be available.
4. Poor Infrastructure of the industries and factories.
Though the steels are produced and imported from other countries too, yet the production is not sufficient to meet the domestic demand.
To address this, there is a need of Steel policy similar to that of National Jute policy and work accordingly to increase the yield.