Posted on 17 Mar 2015
India is implementing Research and Development programmes to boost it iron ore and steel sector. Major Steel players in the public as well as private sector have made investments in R&D.
Major steel companies like Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) in the public sector, and Tata Steel Limited, JSW Steel Limited, Essar Steel Limited and Jindal Steel & Power Limited in the private sector are engaged in Research and Development work in the iron and steel sector in the country,Vishnu Deo Sai, Minister of State, informed the parliament today.
The R&D programmes pursued by the companies inter-alia includes R&D in raw materials upgradation; improvement in process/technology, products & productivity; development of new products & improvement in quality; and Improvement in energy consumption & environment management.
“A new scheme ‘Promotion of R&D in Iron & Steel Sector’ was introduced by the Government in the 11th Five Year Plan which has been continued in the 12th Five Year Plan,” the minister said.
