Steel market influencers share dias at ISA Steel conclave in New Delhi
“Industry aims at taking India’s steel production capacity to 300 million tonnes by 2030” Shri Birender Singh, Union Minister of Steel said at the launch of the ISA Steel Conclave in New Delhi today. In a strong move to bring the steel market influencers together, Indian Steel Association and Messe Frankfurt India (MFI) launched the first – The ISA International Steel Conclave 2018.
The two-day forum opened today at The Lalit in New Delhi, bringing over 150 crème-de-la-creme delegates and speakers including steel industry giants from JSW Group, Tata Steel, JSPL, Steel Authority of India Ltd, Rashtriya Ispat Nigam Lt, Essar Group among others. The industry’s senior leadership graced the occasion including:
- Mr T.V. Narendran, Global CEO & Managing Director, Tata Steel Ltd.
- Mr Naveen Jindal, Chairman, Jindal Steel and Power Ltd
- Mr Anil Chaudhary, Chairman, Steel Authority of India Ltd
- Mr PK Rath, Chairman-cum-Managing Director, Rashtriya Ispat Nigam Ltd.
- Mr Saraswathi Prasad, Special Secretary and Financial Advisor Ministry of Steel, Government of India
Emphasizing on the sector’s growth and crude steel production capacity which went up by 6% from last year, Shri Birender Singh said: “2018 has been a year of new beginnings for the industry. In the first quarter, we surpassed Japan to become the second largest producer of steel in the world. We also achieved 52 million tonnes of crude steel production which was up by 6 per cent from last year. The industry now needs to be more pro-active in introducing quality innovations that attract global opportunities and consumers. This is an important event as top steelmakers are here working to shape, challenge and transform steel industry of India”
Mr Naveen Jindal, Chairman, Jindal Steel and Power Ltd: ”To achieve steel production targets for 2030, India’s cost competitiveness through labour and iron ore which are its strengths should not get diluted. I would like to thank ISA & Ministry of Steel for bringing together the stakeholders to take these discussions forward.”
Also voicing industry challenges, Mr T.V. Narendran, Global CEO & Managing Director, Tata Steel Ltd: ”All developed countries have strong equipment manufacturing set-up and this is the kind of eco-system we need to create in India. The industry needs to learn from the auto sector who has achieved tremendous scale and productivity in the last 25 years. We need to build capacities which are environment-friendly and sustainable. This event was the need of the hour to take up challenges that can create inclusive growth.”
Organised by Indian Steel Association in association with Messe Frankfurt India as the event partner several leading Indian and international steel majors were seen in attendance to debate ways of enhancing steel production and reaching targets set by the industry.