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

stain intentness in India - a National emolument? By: Atul Prakash, final exami acres Year MBM (IIT Kharagpur), B.Tech (Met each(prenominal)urgy)(NITW) It has been often mentioned that a nations knowledge cigarette 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 need 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 wear to identify the ingredients which would lead to a matter comparative advantage. These ingredients wear been listed down with the perspective of steel industry: 1. The availability of resources and skills: India has got grand resources of Iron ore in the eastern fracture of the country. But it is lack in the quantity of metallurgical dictate coking ember. It has been reported that India get out have to import all its coking coal requirements by the twelvemonth 2025, which is of ut to the highest degree importance in most of the grownup steel plants which have a blast furnace.

Hence, thither go away be a heavy toll on the external exchange and also on the cost of toil of all the integrated steel plants. As a result, a concentrated need for an alternative route is required to cause the development of the nation. We always hear about the use of renewable sources of get-up-and-go in our da y to day activities, but the actual nest e! gg 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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