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Major initiatives taken by the Ministry of Steel during the year 2007-08

• An Inter-Ministerial Group (IMG) was constituted to monitor, facilitate and coordinate speedy actualisation of major steel investments in the country.

• A Steel Pricing Monitoring Committee was formed for keeping track of steel price movements and to advise the industry on their product-mix as well as long-term capacity addition.

• Present per capita consumption in the country is only around 46 kg (2006) against the world average of 150 kg and that of 400 kg in developed countries. The awareness campaign to increase domestic steel consumption was intensified during the year.

• Preparatory action for take off of the ‘Steel Research & Development Mission (SRDM)’ in virtual mode with funding from main/ major steel producers was completed.

• Steel Technology Centre at IIT, Kharagpur to promote R&D in iron & steel sector was approved, at a cost of Rs. 22.26 crore for 5 years.

• Initiatives under Clean Development Mechanism (CDM) - Host Country Approval (HCA) to 58 proposals from the iron and steel plants in India accorded which will result in Green House Gas abatement worth 66 million tonnes of CO2 equivalent.

• Under the Asia Pacific Partnership on Clean Development and Climate (APPCDC), Rourkela Steel Plant of SAIL has been selected.

• In the Five Year Plan for the steel sector, a new scheme named ‘Scheme for promotion of R&D in the Iron & Steel Sector’ has been included with a budgetary provision of Rs. 118 crore.

• A Quality Control Order on 17 selected steel products was issued by the Department of Consumer Affairs on 12th November, 2007 under which production, sale or distribution and storage of sub-standard products would be an offence with effect from 12th May, 2008.

• An International Seminar on Iron Ore beneficiation and pelletisation organised in October, 2007 to encourage iron ore pelletisation capacity using iron ore fines.

• A study on adequacy of infrastructure for the Proposed Expansion in Steel Capacities in the 11th Plan with special reference to the states of Orissa, Jharkhand and Chhattisgarh has been completed.

• A Discussion paper on ‘Iron Ore Fine utilisation in India’ was brought out by Economic Research Unit, Ministry of Steel in October, 2007.

• For resolving railway infrastructure bottlenecks, a Coordination Committee, consisting of representatives from Steel Industry, Ministry of Steel and Railway Board has been constituted.

• Reform of steel sector data was carried out to get accurate estimates of capacity and production figures and the existing database was updated on the basis of the corrective exercise undertaken during the year. 

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