Ministry of steel in partnership with CII and JPC is organising the launch of ‘Purvodaya’: Accelerated Development of Eastern Region through an Integrated Steel hub.
- The Eastern region of India, though extremely rich in resources, lags behind other states in terms of development.
- Eastern states of India (Odisha, Jharkhand, Chhattisgarh, West Bengal and Northern Andhra Pradesh) collectively hold ~80% of the country’s iron ore, ~100% of coking coal and significant portion of chromite, bauxite and dolomite reserves.
Important Info :
Integrated Steel Hub:
- The proposed Integrated Steel Hub would encompass 5 states namely Odisha, Jharkhand, Chhattisgarh, West Bengal and Northern Andhra Pradesh.
- The Integrated Steel Hub would focus on 3 key elements:
- Capacity addition through easing the setup of greenfield steel plants
- Development of steel clusters near integrated steel plants as well as demand centres
- Transformation of logistics and utilities infrastructure which would change the socio-economic landscape in the East
- These elements would be supported through additional enablers such as ensured availability of raw materials, presence of supporting industries such as capital goods and well-established avenues for skill development.
Source : Economic Times