Pradhan Asks Steel Industry To Enhance Spending To Boost Consumption, Create Jobs

Speaking on the migrant workers, Pradhan said the industry must take steps to provide them low-cost houses and better pay.

NEW DELHI: Union Steel Minister Dharmendra Pradhan on Tuesday asked the industry stakeholders to prepare a plan to enhance investment that will boost steel consumption and create new job opportunities in the country.

He was speaking at a webinar on ‘Atmanirbhar Bharat: Fostering Steel Usage in Housing and Construction and Aviation Sector’, organised by the Ministry of Steel in association with industry body Confederation of Indian Industry (CII).

Referring to COVID-19 outbreak, Pradhan said, “I believe, we have been able to control the situation and you all (industry) have played a big role in it. In the coming days, providing employment opportunities will be a big challenge”.

The minister suggested the industry to prepare a plan so that states and private industry can increase their spending, saying it will be very beneficial in creating more jobs.

Higher spending in projects will also lead to an increase in steel usage, Pradhan said.

He further said the government has already announced several infrastructure projects across sectors, including rail, road, aviation, gas pipeline, and housing, where steel can find its usage.

Source: The New Indian Express

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