Steel Industries Approches Towards Make In India Vis-A-Vis South East Asia

Abstract

The rapid growth in the field of communication, IT and other sector has created a major upheaval in the Indian Engineering Industry by imparting the importance of modernization and meeting the ever changing requirements of the world at large. The importance of productivity linked to quality has never been felt more. The automobile needs were addressed in the early 80’s which has more or less revolutionized our thinking to produce materials and finished products of reasonable standards. Quality conscious professionals had since been constantly upgrading our technological process to meet the challenges. Dating back to early 70’s, when it was felt Aluminium and its alloys would dominate the scene in the years to come due to their excellent Specific Tenacity. Also, it was felt that Iron and Steel could well take a secondary stage to Aluminium; however, the scenario did not alter greatly even today. The need therefore was to modernize the steel industry by altering the process route to produce quality Iron and Steel. The world has since seen sea changes to the process and process controls of the modern Steel making process. India has been blessed with rich deposits of Iron ore as compared to most economically developed/developing countries. The dearth of quality coal and refractory dampens our zeal to be stiff competitors of the developed world. Our efforts need to be channelized and utilizing our main natural resources with respect to Iron ore and human resources should be our focus in order to be an economic power in the world.