Govt to prepare roadmap to resolve steel sector issues: Min
08/08/2016 10:54
The Indian Government has said that a roadmap will be prepared for the steel sector facing issues on multiple fronts, including repaying bank loans. The Steel Minister also said that over USD100-billion domestic steel sector needs to enhance its efficiency in the long run to be globally competitive. Commenting on the issue, Union Minister Chaudhary Birendra Singh told the media, "What I have told the industry that now we will have a roadmap where you will have your responsibility to see whether you are improving as far as efficiency is concerned, whether you are improving in giving back outstanding of bank loans, whether you are improving to make your industry competitive in the world market. These things are also to be looked at.” So what I have told them that on one way we talk of your production, the other way we must find out (the way) that you should get out of this rut within six months," he added.
08/08/2016 10:54
