Prøve GULL - Gratis
Growth In Steel Industry Augurs Well For Ancillaries
BUSINESS ECONOMICS
|February 1-15, 2019
The Indian government has defined an ancillary industry as, “An unit, having capital investment not exceeding 1 crore, which produce parts, components, sub-assemblies and tooling for supply against known or anticipated demand of one or more large units manufacturing and assembling complete products and which is not a subsidiary to or controlled by any large unit in regard to the negotiation of contracts for supply of its goods to any large unit.
This shall not, however, preclude an ancillary unit from entering into an agreement with a large unit giving it the first option to take the former’s output.” The major iron and steel plants of India include Tata Iron and Steel Company (TISCO), Indian Iron and Steel Company (IISCO), The Visweswaraya Iron and Steel Ltd., Bhillai Iron and Steel Centre, Plant of Hindusthan Steel Ltd. at Rourkella and The Hindusthan Steel Ltd. at Durgapur, Bokaro Steel Ltd., Tata Steel Kalinagar, Posco Steel at Paradwip, and others. These plants need high grade haematite iron, coal, manganese, dolomite, limestone and fire clay for production and are highly dependent and related to a wide array of ancillary industries.
Ancillary industries of iron and steel
The iron and steel industry is one of the most important industries in India. India was the third largest producer of raw steel in the world, from 2014 to 2017. The industry produced 91.46 million tonnes of total finished steel and 9.7 million tonnes of raw iron. Most iron and steel in India is produced from iron ore. The Ministry of Steel is concerned with the coordination and planning of the growth and development of the iron and steel industry in the country. This includes formulation of policies with respect to production, pricing, distribution, import and export of iron and steel, ferro alloys and refractories and also the development of the input industries relating to iron ore, manganese ore, chrome ore, and refractories and others.
Location of ancillary industries for the steel plants in India
Denne historien er fra February 1-15, 2019-utgaven av BUSINESS ECONOMICS.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA BUSINESS ECONOMICS
BUSINESS ECONOMICS
India's fields of the future: Harvesting sunlight and crops together
India's farmland has always carried the burden of uncertainty.
2 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
DURGA PUJA: A Festival of Roots, Culture and Togetherness
Durga Puja and Navaratri are not merely festivals of worship and celebration.
2 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Tea Industry: Already in crisis, can it overcome the new challenges of Tariff and GST?
The Indian tea industry, second only to China's, is a vital part of the country's agricultural economy.
2 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Bharat of Sardar Patel's Dream
Whenever the farmers suffer, my soul melts. If I take away their pain and make them self-sufficient, what greater fortune will I have than this
5 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Gandhi and a Pious Bharat of his dreams
If we talk about explaining Mahatma Gandhi's philosophy very briefly, it can be said with certainty that it is based on the principle of the Indivisible Whole and universal unity.
5 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
India, China & Trump: rethinking relationships
After being rebuked by Donald Trump, first through a 50% tax on Indian goods exported to the American market and now the one lakh dollar clampdown on HI-B visa, Narendra Modi has been forced to look elsewhere in the world for support.
3 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Festivals in India energize communities and boost unorganized sector activity
In India, festivals are not just cultural events—they are economic engines that touch every section of society.
1 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Higher Q1 GDP growth, GST rates rationalisation expected to boost India's festive economy
India, known as the land of diversity, is home to a multitude of communities, each with unique cultural traditions.
10 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
Beyond the Familiar: Unexplored Dimensions of Sister Nivedita's Vision
“I doubt whether any Indian loved India the way Nivedita loved her,” said freedom fighter Bipin Chandra Pal.
3 mins
October 01 - 31, 2025
BUSINESS ECONOMICS
India shields it's economy by revamping tax structure
At a time when punitive tariffs from the United States threaten to squeeze exports and dampen investments, India has chosen to shield its economy by revamping the tax structure to stimulate domestic demand.
1 mins
October 01 - 31, 2025
Translate
Change font size