Mumbai: 20 April 2023

The second day of the India Steel 2023 conference showcased the importance of the steel sector, with more than 10,000 footfalls and around 80 speakers attending the event. Sessions focused on policy frameworks, technology solutions, and circular economy practices aimed at achieving the government's ambitious targets for 2030 and 2047.

 

During the session "Technology Solutions for Enhancing Productivity and Efficiency”, participants discussed on finding out best course of action for  the industry to focus on innovation and research to produce New Age steel. They averred that the challenge is to grow responsibly, as the world is focused on the India Steel growth story and views with a critical eye on how India will achieve growth with decarbonization commensurate with national objectives .  Ms Ruchika Chaudhry Govil, Additional Secretary, Ministry of Steel, moderated the discussion.

 

Earlier during the inaugural programme, Shri Subhrakant Panda, President, FICCI, called for urgent steps to increase capacities of existing mines and operationalize new ones for coking coal production.

During the session 'Conducive Policy Framework & key enablers for Indian Steel', which Shri Abhijeet Narendra, Joint Secretary, Ministry of Steel, moderated, the participants were unanimous on achieving the zero-emission regime through sustainable solutions. Noting that decarbonization would be the key driver to take the steel sector forward, the panellists stressed on prioritising research and development, creating indigenous technology, and promoting energy-efficient methods for steel production.

The valedictory session highlighted the importance of meeting global goals ,balancing national priorities  and considering the future generations while promoting greener growth.

 

In addition, two roundtables, - “Round table interactions of Secondary Steel Sector”, and on 'Circular Economy and By-product Utilization in Steel Industry'  saw industry leaders discussing the crucial aspects to help the industry achieve the targets set by the Government for 2030 and 2047. The industry requested government support and action from the Ministry of Steel to achieve the set targets and reduce dependence on other countries for raw materials and technology. Presentations on the day showcased the technologies used by various steel companies to improve production and enhance efficiency.

 

SSP/PM

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