Jyotiraditya Scindia Assures Full Support to the Minerals, Metals, Metallurgy and Materials Industries

#JyotiradityaScindia #SteelProduction #SteelSector

Source: Indian Institute of Metals Delhi Chapter

“Steelmakers all over the world are evolving strategies for making the manufacturing process more environmentally friendly and the circular economy is the need of the hour.” - Jyotiraditya M. Scindia, Minister of Steel & Civil Aviation, Govt. of India

August 2022: At the 13th edition of MMMM 2022, India’s most comprehensive trade event on the Minerals, Metals, Metallurgy & Materials sectors, Jyotiraditya M. Scindia, Minister of Steel & Civil Aviation, Govt. of India said that, in last few years, revolutionary changes have been brought in mineral and metal domain and Indian steel industry is brilliant example of transformation and turnaround with the Joint efforts of the government and industry. We have come a long way by becoming the 2nd largest steel producer in the world. Mr. Scindia further added, “Steelmakers all over the world are evolving strategies for making the manufacturing process more environmentally friendly and the circular economy is the need of the hour.

One option is enhancing scrap-based steelmaking, which currently accounts for around 30 percent of global steel production, and can contribute to a large reduction of greenhouse gas emissions in the steel sector. Mr. Scindia expressed confidence that India will achieve a steel production capacity of 300 Million TPA by 2030 from the current 145 (approximately) MTPA. The Ministry of Steel has set up a single point of contact Project Development Cell to facilitate and attract investment in the steel sector under the national Steel Policy 2017 to facilitate investors during the various stages of the investment process.

The show was jointly organized by IIM DC (Indian Institute of Metals Delhi Chapter) and Hyve India Pvt Ltd, the Indian subsidiary of Hyve Group PLC (UK). MMMM 2022 was co-sponsored by the Ministries of Steel, Coal, External Affairs, Niti Ayog, Council of Scientific & Industrial Research (CSIR), Government of India, and supported by World Metal Forum (WMF).

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