Name the iron and steel plant in Karnataka.
Answers
Answer ⇒ Vishweshvaraiah Iron and Steel Plant or Bhadravati Iron and Steel Plant.
Explanation ⇒ Vishweshvaraiah Iron and Steel Plant or Bhadravati Iron and Steel Plant is located in the Bhadravati District of the Karnataka.
This Iron and Steel plant is one of the largest steel plant of India which have an input imports of about 5 millions.
The Iron and Steel manufactured by this plants are about 2 percent in Indian Market and is maximum in the Karnataka.
This Power plant was once reported for wrong output, which was one of the famous and important problem faced by it, but after the C.B.I. Research, nothing have been found, as per as the Current report., But what was happens exactly was still unknown.
Hope it helps.
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Karnataka is a state that is rich in mineral resources. It is also one of the leading industrialized states of the country. The iron and steel industry of the state plays a very important role in its growth and development. It is one of the key industries required for industrial progress.
Various important industries like the construction, power plants, heavy and light machine, automobile, etc. depend on the iron and steel industry for their growth and expansion. The mineral resources of Karnataka have helped the iron and steel industry to flourish in the state. As of 2014-15, India was the largest producer of sponge iron and the third largest producer of raw steel in the state.
Iron and Steel Industry
Karnataka, with its rich resources of iron ore, is one of the pillars of the national iron and steel industry. Districts like Bellary, Chitradurga, and Chikmagalur are the nerve-centres of the iron ore deposits in the state. The steel production capacity of the 18 units in the state is about 22 MMTPA at present.
Key factors influencing the growth of the iron and steel industry in Karnataka
The history of the iron and steel industry in the state can be traced back to the pre-independence era. It started with the establishment of the Mysore Iron Works (now known as Visvesvaraya Iron and Steel Plant) at Bhadravati in 1923. It was established under the supervision of Sir M Visvesvaraya. Mysore Iron Works was the first public sector steel plant in the country. Starting with it, the iron and steel industry in Karnataka has come a long way today. There were many ups and downs along the way. But the industry continued to flourish in the state. Today the industry produces more than 15 million tonnes of steel annually. The main reasons behind the growth of the iron and steel industry in Karnataka are:
Karnataka has vast resources of iron ore. It is one of the most essential raw materials needed for the iron and steel industry.
Four different types of iron ore resources are found in Karnataka. They are hematite, magnetite, titaniferrous magnetite, and limonite and goethite.
The iron ore reserves found in Karnataka is of high quality. High grade magnetite and haematite are widely found in the state. Karnataka boosts of importing high grade iron ore to South Korean and Japanese steel majors.
Karnataka has 24 mines of iron ore under the private sector. There are 2 mining leases in the public sector.
The state is also rich in other mineral deposits needed for the iron and steel industry. These include minerals like manganese, lime stone, silica, etc. They are easily available for commercial exploitation.
The rapid industrialization in Karnataka is leading to the construction of buildings, rail tracts, industrial plants, bridges, etc. All these are increasing the demand for iron and steel in the state.
Karnataka has many steel plants that are contributing to the industry’s growth in the state.
The state houses two of the thirteen major steel plants in India. They are the Visvesvaraya Iron and Steel Plant (VISL) in Bhadravati and the JSW Steel in Hospet, Bellary.
Availability of labour is a prerequisite for any industry. Karnataka has available human resource needed for working in the steel plants.
Good communication and other infrastructure facilities are helping the growth of the iron and steel industry in the state.
Karnataka has a wide market for iron and steel in the state. The constant implementation of various big and small industrial projects is adding to the demand for iron and steel in the state.
Iron and Steel Industry
Policies and initiatives by the state government
The iron and steel industry in Karnataka is a multi-crore industry. It plays a big role in the economy of the state. There are a number of steel plants in Karnataka. They provide employment to a large number of people in the state. The industry also draws a significant amount of investment for the state. The state government has come up with various policies and initiatives to help the industry grow bigger and stronger. These policies and initiatives include the following: