Friday, December 27, 2024
News

Explore ways to make Indian minerals, mines sector self-reliant, MoS Kulaste tells industry

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | August 25, 2022 11:59:07 AM IST
Faggan Singh Kulaste, Minister of State for Steel and rural Development called upon the industry stakeholders to explore ways and means to make India self-reliant in the minerals and mines sector.

The Minister, while speaking at an event 'Industry Vision 2047 for Minerals and Metals Sector in India' on Wednesday, also laid emphasis on accelerating exports of the precious metals.

The targeted capacity for steel sector for 2030 as well as 2047 which has been pegged at 300 million tonne and 500 million tonne respectively would be achieved with a proper roadmap in place for it, industry body FICCI quoted Secretary in the steel ministry Sanjay Singh as saying.

This, Singh said, would mean that the reserves of iron-ore as estimated would have to be converted into resources as that would be ideal to achieve the desired path.

Meanwhile, the last date for receipt of applications under the Production Linked Incentive (PLI) scheme for specialty steel has been extended up to September 15.

Previously, the deadline for applications was July 31.

The centre had in 2021 approved the PLI scheme for specialty steel to be implemented over 2023-24 and 2029-30 with Budgetary provisions of Rs 6,322 crore.

The objective of the scheme is to promote the manufacturing of such grades of steel within the country and help the sector move up the value chain. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Nisus Shines in H1 FY25 with Exceptional...
TCL to Inspire Greatness at CES 2025 wit...
Sensex, Nifty end flat after opening in ...
RBI sets up 8-member committee to recomm...
Digi Yatra sets stage for exciting 2025 ...
Empowering Minds, Shaping Futures: The L...
More...
 
INDIA WORLD ASIA
Former PM Manmohan Singh's mortal remain...
'I will be at the forefront...': Prashan...
Rahul Gandhi slams Bihar govt for 'lathi...
Anand Mahindra, Gautam Adani express gri...
President Murmu, VP Dhankhar pay tribute...
Rajnath Singh, Piyush Goyal, Hardeep Pur...
More...    
 
 Top Stories
"Architect of the modern bilateral ... 
EAM Jaishankar pays tribute to form... 
Rahul Gandhi slams Bihar govt for '... 
Anand Mahindra, Gautam Adani expres... 
Sam Pitroda pays tribute to former ... 
President Murmu, VP Dhankhar pay tr... 
Condolences pour in from across the... 
Rajnath Singh, Piyush Goyal, Hardee...