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India will become second biggest steel manufacturer by year end: Study

India will become second biggest steel manufacturer by year end: Study
11 October 2016 Current Affairs: Union Minister for Steel Birender Singh on Sunday said India would become the second biggest steel manufacturer in the world by year-end.

Currently, China is the largest steel manufacturing country followed by Japan and produces five times more steel than India.

At present, about six lakh tonnes of steel is manufactured in old factories and private plants across India.

Steel industry accounts for just two per cent share in the Gross Domestic Product (GDP) of the country and efforts are being made to increase it.

Mr. Singh said a new steel manufacturing plant of one million tonne capacity would soon be set up in joint venture and the steel manufactured here would be exported.

In order to put a check on corruption and provide better opportunities to the youth, he said it is essential to bridge the education gap between the urban and the rural areas. “The vision of a better India can only be realised after bridging the gap between the education facilities available in the rural and urban areas.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
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26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
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26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
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29 AUG
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27 AUG
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26 AUG
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25 AUG
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