The Minister of Petroleum and Natural Gas & Steel Mr. Dharmendra Pradhan said that metals and mining sector can play an important role in the making of an Aatmanirbhar Bharat. Speaking at the 58th National Metallurgists Day and at the 74th Annual Technical Meeting of the Indian Institute of Metals(IIM), he said that this is a vibrant and growing sector, and it holds tremendous amount of potential and promise of growth not only for the sector but for the economy as well.
Mr. Pradhan said that Production linked scheme (PLI) has been announced for the specialty steel by the Government and this is a major reform in the sector for boosting the indigenous production. Inviting the industry to take full advantage of this path-breaking initiative, the Minister called upon for developing a new manufacturing ecosystem in the country.
Talking about Aatmanirbhar Bharat, the Minister said that the country is very rich in mineral resources. Mr. Pradhan affirmed that the Government is very clear that the natural resources of the country belong to its citizens. “Thus, we adopted a transparent, accountable mechanism for allocation of natural resources.”