India to become 2nd biggest steel manufacturer by year-end:
NEW DELHI : Union Steel Minister Birender Singh has said India will become the second biggest steel manufacturer in the world by year-end. Currently, China is the largest steel manufacturing country followed by Japan and produces five times more steel than India.
Inaugurating the newly-constructed Ganga Ram Hospital in Rohtak, Mr Singh said, at present, about six lakh tonnes of steel is manufactured in old factories and private plants across India. He said, Steel industry accounts for just two per cent share in the Gross Domestic Product (GDP) of the country and efforts are being made to increase it.
The Minister said, a new steel manufacturing plant of one million tonne capacity will soon be set up in joint venture and the Steel manufactured in Haryana would be exported.
