Mr Beni Prasad Verma, Union Minister of Steelh,said that government is committed to accelerate growth of steel industry through various policy measures.

Chairing the meeting of the Parliamentary Consultative Committee attached to his Ministry here, he said that at present, the crude capacity for steel production is 96 million tonne per annum. Steel production capacity is being expanded gradually. It is proposed to expand steel production capacity to 300 million tonne by 2025.

Mr Verma said that “A roadmap for achieving the target of 300 million tonne of steel production is under preparation. Public as well as private sector steel plants need to be involved to take necessary steps for achieving the target. This will result in increased employment both in public and private sector.”

He said that one of the objectives of the meeting is to sensitise about need for growth of steel industry in Kerala.

The review of functioning of MOIL Limited and MSTC Limited, the 2 Miniratna Category I PSUs under the Ministry of Steel were the agenda of the meeting. He further added his satisfaction on performance of both the companies.