“The government is setting up a Steel Plant in Kadapa in the public sector under joint venture mode. In this regard, the government has already issued an Expression of Interest for setting up of the steel plant. Several leading steel companies in the steel sector have shown interest to associate with the government for establishing the new steel plant,” said R Karikal Valaven, Special Chief Secretary, Industries & Commerce. He was speaking at a conference organised by the Confederation of Indian Industry (CII), Andhra Pradesh, on sustainability in the steel sector with a theme focusing on ‘Sustainable Business Strategies –Shape the ‘New Normal’ through virtual platform. R Karikal Valaven appreciated the CII for organising the steel conference focusing on sustainability.
Referring to the second phase of unlock he said that industry is supported with all measures to re-start their operations. He urged the industry to follow all required Covid19 protocols to ensure safety of their employees. He stated that the government is coming up with a one-stop shop solution for investors to provide required services to invest in the State. Pradosh Kumar Rath, Chairman-cum-Managing Director, Rashtriya Ispat Nigam Limited, in his address said that health and safety of employees is important in view of Covid-19.In the present disruptive scenario the technologies such as Internet of Things attains importance in running the steel plants. He was optimistic that the steel industry is limping back to normalcy with recovery in the economy.
Seshagiri Rao MVS, Chairman, CII National Steel Committee & Joint Managing Director & Group CFO, JSW Steel Limited, in his theme address stated that Covid-19 has brought life and livelihood as a centre of discussion in the present context. He mentioned that Covid-19 has transformed the business operations and created demand destruction with supply chain disruption across the globe. Speaking about sustainability, the steel manufacturers are following environmental and social sustainability. In fact, some of the Indian companies are leading the way in following the measures for environmental sustainability.
Referring to reviving the demand for steel he said that the impact of Covid19 will soon be a matter of past and would have great prospects for the steel industry in the coming days. D Ramakrishna, Chairman, CII Andhra Pradesh & Managing Director, Efftronics Systems Private Limited, in his welcome remarks said that Covid-19 has posed challenges to business. He felt that revival in the steel sector would lead to faster recovery in the economy. J Srinivasa Raju, Chairman, CII Visakhapatnam Zone and Managing Director, Geomarine Dynamics India Private Limited, delivered concluding remarks at the session
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