Write a report on procuring raw material, manufacturing and selling of finished products of any one steel plant of India.
Answers
Explanation:
Simple Understanding of how Iron and Steel Industry in India Works. Globally, steel can be found in a variety of products and structures – from personal vehicles to the Burj Khalifa: the world’s largest skyscraper. But what is steel, and why is it so important? Steel is an alloy, meaning that it is made by combining iron with another element, usually (but not always) carbon. This alloy can be up to 1,000 times stronger than iron, making steel an extremely useful and sturdy building material.
Currently, Indian steel industry has a steel capacity of 122 million tonnes (2015-16) and the world is producing 1630 million tonnes of steel. India has an aspiration to take this capacity to 300 million tonnes by 2030. Today steel industry contributes approximately 2% to our country’s GDP and employs 5 lakh people directly and about 20 lakh people indirectly.