Minister of Petroleum and Natural Gas & Steel launches Purvodaya
Posted on : 16 Jan 2020
Views: 1131- 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
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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
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