UPGRADATION OF STEEL
INDUSTRY
LOK SABHA
The Government has
taken various measures for the upgradation of the steel industry
which include: induction of foreign technology both through Foreign
Direct Investment (FDI) and through foreign technology collaboration.
FDI is freely allowed in steel sector with prior permission of
Government. Automatic approval by Reserve Bank of India to all
industries is accorded for foreign technology collaboration agreements
subject to certain conditions.
SAIL has undertaken,
from time to time, modernization programme of their steel plant
i.e. Durgapur Steel Plant (DSP), Rourkela Steel Plant (RSP) and
Bokaro Steel Plant (BSL), thereby adopting energy efficient Basic
Oxygen Furnace (BOF) technology for steel making and providing
continuous casting facilities.
This information
was given by the Minister for Steel Shri Braja Kishore Tripathy
in a written reply in the Lok Sabha today.
