Steel Minister asks PSUs to match pvt players in steel production
In order to emerge as a competitive force internationally in steel sector, Indian PSUs will have to follow practices of private sector firms that account for 80-82 per cent of the domestic production, Union Minister Chaudhary Birender Singh has said. The steel minister has also called for snatching opportunities from competitors like China to emerge as a global player in steel.
“The PSUs, which contribute about 18-20 per cent of the steel production, should try to learn from the private sector, which accounted for the balance 80-82 per cent of the production, if India has to emerge as a strong and competitive force internationally,” minutes of a recent meeting quoted Singh as saying.
The minister also underlined the need for strengthening the country’s position in the steel sector, while focussing on the requirement of producing high quality alloy.