India

PM addresses on the occasion of expansion of ArcelorMittal Nippon Steel India Hazira plant

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October 28, 2022
1 mins read
“21st century India is moving ahead with the approach of people-centric governance”, says PM Modi

Delhi.

The Prime Minister, Shri Narendra Modi today addressed the gathering on the occasion of expansion of ArcelorMittal Nippon Steel India (AM/NS India) Hazira plant via video message.

The Prime Minister said that through the steel plant, not only investment is taking place but doors of many new possibilities are also opening. “An investment of more than 60 thousand crores will create many employment opportunities for the youth of Gujarat and the country. After this expansion, the crude steel production capacity at Hazira Steel Plant will increase from 9 million tonnes to 15 million tonnes”, the Prime Minister informed.

Underlining the growing role of the steel industry in goals of moving towards a developed India by 2047, the Prime Minister said that a strong steel sector leads to a robust infrastructure sector. Similarly, the steel sector has a massive contribution in roads, railways, airport, ports, construction, automotive, capital goods, and engineering products.

The Prime Minister noted that along with the expansion, a totally new technology is coming to India which will be a huge help in the electric vehicle, automobile and other manufacturing sectors. “I am sure that this project of ArcelorMittal Nippon Steel India will prove to be a milestone in the vision of Make in India. This will give new strength to our efforts for a developed India and self-reliant India in the steel sector”, the Prime Minister said.

Referring to the world’s expectations from India, the Prime Minister said that India is rapidly moving towards becoming the world’s largest manufacturing hub and the government is actively engaged in creating the necessary policy environment for the development of this sector. “Due to everyone’s efforts in the last 8 years, the Indian steel industry has become the second largest steel producing industry in the world. There is immense potential for development in this industry”, he added.

The Prime Minister listed the measures to further promote the Indian steel industry. He said the PLI scheme has created new avenues of its growth. Giving the example of INS Vikrant, the Prime Minister informed that the country has gained expertise in high-grade steel whose use is increasing in critical strategic applications. The Prime Minister said that the scientists of DRDO developed the special steel used in the aircraft carrier. Indian companies produced thousands of metric tons of steel. And INS Vikrant was completely ready with indigenous capability and technology. To promote such capability, the country has now set a target of doubling the production capacity of crude steel. We currently produce 154 MT of crude steel. Our target is to achieve 300 MT production capacity in the next 9-10 years.

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