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India can compete with China if it makes quality steel: Steel minister

India can compete with China if it makes quality steel: Steel minister
Issue Time:2018-10-26
Union Steel Minister Chaudhary Birendra Singh said that producing quality steel could help India compete with China, even though China's total production is around 8-9 times that of India. He was speaking at the Indian Steel Association (ISA) Steel Conclave in the capital. 

Singh said that despite having brilliant engineers and scientists, India wasn't leading innovation in steel technology. "Updating technology is not innovation," he said. This would help reduce the import bill of an e .. 
Naveen Jindal, chairman of Jindal Steel and Power said that in 30 years time, India might not need as much raw materials like coal, because renewable energy could take care of power requirements. Steel too would be available for recycling. Until then, he said that raw materials like iron ore, coking coal and limestone needed to be fully exploited to achieve capacity goals. 

T V Narendran, CEO of Tata Steel said that if growt ..