The steel use in India is set to grow and the Union Minister Dharmendra Pradhan has emphasised the need to ensure that Indian steel industry becomes cost effective, and work on new business models.
The government aims to make eastern India a steel hub, in fact the steel industry has an important role to play in making India a 5$ trillion economy.
Pradhan said the steel is crucial to the development of any modern economy and is considered to be backbone of industrial development and the steel industry should focus on capacity expansion and make efforts to increase the production according to the demand.
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