Significance of the Iron and Steel Industry in India
- The most important significance of the iron and steel industry in India is for the development of the country. It serves as the backbone of the country’s physical development.
- The Iron and Steel Industry provides for industrial infrastructure and for regional development. It also provides a greater scope for regional development and also provision of employment.
- The transportation sector is also benefitted from the iron and steel industry. They also aid in the research and development sector’s growth.
- Iron and steel are freely imported and exported to/from India.
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Iron and Steel Industry in India
The Iron and Steel Industry in India is one of the most important industries and as of January 2019, India has overtaken Japan as being the world’s second-largest producer of steel. The crude steel production in India is 106.5 tonnes.
Table of Content
- Iron And Steel Industry in India
- Structure of the Iron and Steel Industry in India
- Distribution of Iron and Steel Industry in India
- Major Iron and Steel Plants in India
- Mini Steel Plants
- Government Initiatives for the Iron and Steel Industry in India
- Significance of the Iron and Steel Industry in India