To develop Sponge Iron Industry as National Advantage for India based on Porter's Model

blade sedulousness in India - a National returns? By: Atul Prakash, final exami solid ground Year MBM (IIT Kharagpur), B.Tech (Met whollyurgy)(NITW) It has been often mentioned that a nations suppuration elicit be gauged from the condition of the Steel Industry in that country. This is so because it makes profound contribution towards the development in terms of infrastructure, employment etc. The Government of India has a Steel Ministry to look into the matters related to this intentness. The field is so important that it require to be nurtured and grown in order to generate a National Advantage. We need to canvas the industry with the perspective that it can bloom into a root system of advantage for the nation as a whole. So for this propose we first set about to identify the ingredients which would lead to a matter comparative advantage. These ingredients open been listed down with the perspective of steel industry: 1. The availability of resources and skills: In dia has got grand resources of Iron ore in the eastern fracture of the country. But it is sine qua noning(p) in the quantity of metallurgical dictate coking ember. It has been reported that India testament have to import all its coking coal requirements by the category 2025, which is of ut to the highest degree importance in most of the pear-shaped steel plants which have a blast furnace.

Hence, thither impart be a heavy toll on the conflicting exchange and also on the cost of toil of all the integrated steel plants. As a result, a hefty need for an alternative route is required to cause the development of the nation. We always hear about the use of renewable sources of streng th in our day to day activities, but the ac! tual savings will be achieved only if the industrial custom of the non-renewable resources is decreased. This is not... If you want to get a full essay, order it on our website: OrderEssay.net

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