Ministry of Steel organised a daylong Seminar on the PLI Scheme for Specialty Steel. The objective of the seminar was to provide a platform to the stakeholders for brainstorming key features of the PLI scheme, to leverage the opportunities and resolve the challenges that the industry may foresee. The seminar was organized along with MECON Ltd, FICCI and Invest India. Union Minister of Steel Ram Chandra Prasad Singh presided over the seminar and MoS Steel Faggan singh Kulaste delivered special address on the occasion. Pradip Kumar Tripathi, Secretary Steel and other Senior Officials from the Ministry of Steel were also present on this occasion.
Ram Chandra Prasad Singh said that we have successfully vaccinated 1 billion doses, which is praiseworthy. In spite of pandemic, our country maintained the process of economic activities and manufacturing activities survived the turbulence”. Singh mentioned that India is never short of demand for steel due to the progressive steps by the Government in different sectors. The vision of PLI is one such step, wherein we can reduce our dependence on import and move towards Atmanibhar Bharat. The Minister further said that there is huge scope for import substitution & export. PLI Scheme and its guidelines have been formulated by Ministry of Steel & MECON based on discussion with stakeholders, industry & inter-ministerial (NITI, Dept of Expenditure).
The Minister of State for Steel and Rural development Faggan Singh Kulaste said that the objective of the Government is “Make in India- Atamnirbhar Bharat”. The scheme shall boost the production in specialty steel which will lead to employment generation. With this initiative, secondary steel producers and MSMEs sector will be benefited too. In his address Kulaste also asked the stakeholders participating in the conference to discuss and come out with suggestions on the scheme. The Secretary Steel, Pradip Kumar Tripathi said that the steel industry leaders and government agencies are involved in developing this scheme.
The seminar witnessed participation from policy makers, bureaucrats, steel PSUs, integrated steel producers, secondary steel producers, potential investors, specialty steel makers, steel associations, academicians and others. Vikram Misri, Indian Ambassador to People’s Republic of China also addressed the gathering virtually. A report on PLI for Steel prepared by Invest India was released by the Union Steel Minister in presence of all dignitaries on the dais. Earlier, lighting of the lamp ceremony at the Seminar was held by the Steel Minister and Minister of State for steel and dignitaries of Steel Industry.
