Minister of Petroleum and Natural Gas & Steel launches Purvodaya
Posted on : 16 Jan 2020Views: 235
- Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan launched PURVODAYA: Accelerated development of eastern India through integrated steel hub in Kolkata, West Bengal.
- Purvodaya in steel sector is aimed at driving accelerated development of Eastern India through establishment of integrated steel hub.
- Eastern states of India (Odisha, Jharkhand, Chhattisgarh, West Bengal) and Northern part of Andhra Pradesh collectively hold ~80% of the country’s iron ore, ~100% of coking coal and significant portion of chromite, bauxite and dolomite reserves.
- There is presence of major ports such as Paradip, Haldia, Vizag, Kolkata etc., with >30% of India’s major port capacity. In India’s march towards a $5 trillion economy, the 5 Eastern states can play a major role where steel sector can become the catalyst.
- This Eastern belt has the potential to add more than 75% of the country’s incremental steel capacity envisioned by the National Steel Policy. It is expected that out of the 300 MT capacity by 2030-31, over 200 MT can come from this region alone, driven by Industry 4.0.
- The proposed Integrated Steel Hub, encompassing Odisha, Jharkhand, Chhattisgarh, West Bengal and Northern Andhra Pradesh, would serve as a torchbearer for socio-economic growth of Eastern India.
- The objective of this hub would be to enable swift capacity addition and improve overall competitiveness of steel producers both in terms of cost and quality.
- The Integrated Steel Hub would focus on 3 key elements:
- Capacity addition through easing the setup of Greenfield steel plants
- Development of steel clusters near integrated steel plants as well as demand centres.
- Transformation of logistics and utilities infrastructure which would change the socio-economic landscape in the East
- Growth of steel industry through such a hub would lead to significant employment opportunities across the entire value chain and will play a significant role in overall socio-economic growth of Eastern India, thus reducing the disparity between the East and other regions of the country.
Article Related Questions
PURVODAYA was recently seen in news, it is related to?
1.Cyber security portal
2.Integrated portal for Disabled people
3.Ganga river cleaning programme
4.Integrated steel hub
Right Ans : Integrated steel hub