Updated By: LatestGKGS Desk
Steel Ministry will accord first-ever awards to secondary steel sector
Steel Ministry will accord first-ever awards to Secondary Steel Sector: Details, Aim, Purpose, Highlights
Union Ministry of Steel for the first time ever will be according to awards to the 'Secondary Steel Sector' on 13th September 2018 at a function in New Delhi.
The Steel Ministry's awards have been instituted in order to encourage the secondary steel sector, as it plays a key role as a growth engine for the national economy and employment generation.
The strong performance of the secondary steel sector has given a significant boost to India’s steel production. Therefore, by encouraging the overall potential of the sector, the Union Government has taken various initiatives to improve its performance.
The Government of India has taken several initiatives, some of them includes: Supporting energy efficiency projects (energy conservation and control of GHG emission) and research and development activities; Strengthening institutional support; Protecting domestic producers from below-cost import from foreign countries through anti-dumping measures and Launching an award scheme to recognise and encourage progressive units for adopting energy-efficient technologies and innovative measures.
