TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    PM Modi in Bihar After Pahalgam Terror Attack: Pays Tribute, Announces Major Projects Worth ₹13,480 Crores

    Modi Government’s 72-Hour Operation Redefines India’s Counter-Terror Doctrine

    Donald Trump Announces Surprise India-Pakistan Ceasefire, Credits American Mediation

    Donald Trump Announces Surprise India-Pakistan Ceasefire, Credits American Mediation

    Pakistan Bloody Trail: A Chronicle of Terror from Bombay to Pahalgam (1993–2025)

    Pakistan’s Bloody Trail: A Chronicle of Terror from Bombay to Pahalgam (1993–2025)

    Will India Push Pakistan Back to the FATF Grey List?

    Will India Push Pakistan Back to the FATF Grey List? A Timeline of Its Previous FATF Setbacks

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Arbitrage Trading

    Crypto Arbitrage Trading

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    Operation Sindoor

    How Operation Sindoor became a Grand Success: Over 100 Terrorists Eliminated in 25-Minute Blitz

    Operation Sindoor: India Destroys JeM Base, Kills Masood Azhar’s ten Family Members

    Operation Sindoor: India dismantles JeM terror infrastructure, neutralises Masood Azhar’s ten family members

    Operation Sindoor

    Why Operation Sindoor? Because No One Touches the Sindoor of an Indian Woman Without Consequence

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    Khalistanis take out Anti-Hindu rally in Canada

    Canada: Khalistani extremist parade PM Modi, HM Amit Shah, Jaishakar’s effigies in mock jail; calls for deportation of 8 lakh Hindus

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Best Foods to Increase Your Libido and Enhance Your Life

    The Best Foods to Increase Your Libido and Enhance Your Life

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    Download MCW App in Bangladesh and Start Winning

    Download MCW App in Bangladesh and Start Winning

    How Does Sports Betting Work in India?

    How Does Sports Betting Work in India?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    PM Modi in Bihar After Pahalgam Terror Attack: Pays Tribute, Announces Major Projects Worth ₹13,480 Crores

    Modi Government’s 72-Hour Operation Redefines India’s Counter-Terror Doctrine

    Donald Trump Announces Surprise India-Pakistan Ceasefire, Credits American Mediation

    Donald Trump Announces Surprise India-Pakistan Ceasefire, Credits American Mediation

    Pakistan Bloody Trail: A Chronicle of Terror from Bombay to Pahalgam (1993–2025)

    Pakistan’s Bloody Trail: A Chronicle of Terror from Bombay to Pahalgam (1993–2025)

    Will India Push Pakistan Back to the FATF Grey List?

    Will India Push Pakistan Back to the FATF Grey List? A Timeline of Its Previous FATF Setbacks

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Arbitrage Trading

    Crypto Arbitrage Trading

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    Operation Sindoor

    How Operation Sindoor became a Grand Success: Over 100 Terrorists Eliminated in 25-Minute Blitz

    Operation Sindoor: India Destroys JeM Base, Kills Masood Azhar’s ten Family Members

    Operation Sindoor: India dismantles JeM terror infrastructure, neutralises Masood Azhar’s ten family members

    Operation Sindoor

    Why Operation Sindoor? Because No One Touches the Sindoor of an Indian Woman Without Consequence

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    Khalistanis take out Anti-Hindu rally in Canada

    Canada: Khalistani extremist parade PM Modi, HM Amit Shah, Jaishakar’s effigies in mock jail; calls for deportation of 8 lakh Hindus

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Best Foods to Increase Your Libido and Enhance Your Life

    The Best Foods to Increase Your Libido and Enhance Your Life

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    FIFA World Cup 2025: Which Teams Have the Best Shot at Glory?

    Download MCW App in Bangladesh and Start Winning

    Download MCW App in Bangladesh and Start Winning

    How Does Sports Betting Work in India?

    How Does Sports Betting Work in India?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

National Steel Policy brings down bill of imports by Rs 5000 crores

Amit Agrahari by Amit Agrahari
1 July 2018
in Business, Economy
Steel Policy
Share on FacebookShare on X

India is the third largest producer of steel in the world, and still imports high-end steel from other countries. This is a typical problem with developing countries, that despite having good amount of natural resources they import the finished products from developed countries because they do not have industries and skilled labor to produce the finished product. In the time of the British Raj in India, the country used to produce fine quality cotton but it used to import clothes from Britain because the garment manufacturing industries were in Britain. Therefore, a developed country sells us the finished product produced from our raw materials and earns lot of profit while the producer of raw materials remains poor. Previous governments did not make concrete efforts to encourage Make in India by which imports of finished product could have been minimized.

Since the Modi government came to power, India started incentivizing high-end steel producers which has resulted in the reduction of imports by 36 per cent to 7.48 million tonnes in 2017-18 compared from 11.7 mt in 2015-16. “India has been able to save ₹5,000 crore worth of foreign exchange through domestic substitution of high-end steel over imports” said Union Steel Minister Chaundhary Birendra Singh. High-end steel has applications in shipping, defense, medical equipment and infrastructure sectors. To produce high-end steel for automobile manufacturers, Steel Authority of India (SAIL) has tied up with Arcelor Mittal which will help the automobile manufacturers to buy the steel in the country rather than importing it.

RelatedPosts

Centre approves eight proposals worth Rs 54,000 crore to purchase indigenous military hardware

BJP MP Nishikant Dubey Seeks Privilege Proceedings Against Rahul Gandhi Over Distortion of Facts

Modernizing the Skies: How India is Upgrading Its Military Arsenal with ASRAAM Missiles

Load More

India brought a National steel policy in 2017 which will override the previous national steel policy which was implemented way back in 2005. According to the new national steel policy, India is projected to have a capacity of 300 mt by 2030-31 with a production of 255 mt, with finished steel per capita consumption of around 160 kg during the same period. The per capita steel consumption in our country is around 68 kg, which is substantially lower than the world average of around 208 kgs. India is also one of the largest exporters of steel. Steel exports from the country were expected to face slowdown amid rising protectionism around the world. Recently, United States imposed tariffs over steel imports, but according to the ministry that will not harm steel production in the country because US accounts for only 3.3 percent of India’s total exports.

Steel is one of the core industries for India as well as for any other country. Eight Core Industries in India are Electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers. If the core industries grow at a good rate then they provide a support base for other industries to grow fast. Steel and iron are basic requirements for industrial growth of any country. It is a blessing for us that our country has one of the largest iron ore and steel reserves in the world. India is the largest producer of sponge iron and third largest producer of steel in the world. India has a vast population of semi skilled and unskilled workers who could be employed only in agricultural sector or low end manufacturing sector. Therefore, it is most feasible for India to expand its manufacturing sector, and the large iron and steel deposits could help the country in this mission.

Tags: Make In Indianational steel policysteel imports
Share1765TweetSend
Previous Post

Investigation in Gauri Lankesh’s murder case hits dead end

Next Post

‘Sampark for samarthan’: Gayatri Pariwar and other Hindu organisations, pledge support for BJP in 2019, snub Rahul Gandhi.

Related Posts

Designing For Impact: Create Exceptional Small Businesses Marketing Materials
Business

Designing For Impact: Create Exceptional Small Businesses Marketing Materials

4 May 2025

Marketing can make or break a startup or small business. As a small business owner, you may worry that...

Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan
Finance

Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

30 April 2025

Choosing the right loan for your two-wheeler is crucial. With a variety of options available, it’s important to understand...

Crypto Trading Signals Explained: A Comprehensive Guide
Finance

Crypto Trading Signals Explained: A Comprehensive Guide

28 April 2025

Crypto trading signals have become a cornerstone for many traders navigating the volatile world of cryptocurrency. These signals provide...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited