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Introduction

Introduction

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Published by Sudip Hati

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Published by: Sudip Hati on Sep 11, 2010
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10/31/2011

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 Acknowledgements
 
This project would not have been possible without the help of some people. Iwould like to take this opportunity to thank them for their invaluable inputs andsupport.Mr. Arvind Mishra , Deputy General Manager(Marketing), Durgapur SteelPlant for having the faith in me and giving me this opportunity to work in theorganization.My sincere thanks to my project guide Mr. Mahendra Kumar Sahu, DeputyManager(Marketing) Durgapur Steel Plant & Mr. D V Jha, Assistant Manager (Marketing) Central Marketing Organization (SAIL) for helping me in all possibleway to make my learning experience at Steel Authority of India Limited a success.My deep gratitude to my project mentor members, Prof. Supriyo Chatterjeeand Prof. Debraj Datta of Globsyn Business School for always extending their humble support.I would also like to thank all staff and employees of Durgapur Steel Plant &Central Marketing Organization (SAIL) ,who have come forward with their helping hands whenever any assistance has been sought.I¶m thankful to all my family members and friends who have constantlyencouraged me and been there to help even without having to ask.
 
 
DECL
 ARATION
I,SUDIP KANTI HATI, student of GLOBSYN BUSINESS SCHOOL state that Ihave completed my 8 week internship at DURGAPUR STEEL PLANT (SAIL),and that my project topic is stated as under:A Study on the Growth of Indian Steel IndustryI had the opportunity to interact and gain knowledge from various sources. I haveused the valuable inputs from them in my project report.All the information that I have provided are true and fair to the best of myknowledge(Sudip Kanti Hati)
 
 
As far as iron ore is concerned, the Government has taken policy measuresto discourage avoidable exports and consequently raise domestic availability byincreasing export duty on lump ores to 15 per cent having a 5 per cent duty onfines. Although it will have some marginal impact on the export, the Governmentwill have to look at the question of exports differently by bringing in definitivedeterrence. This may be in the form of either prohibitive duty or quantitativerestrictions. But, such measures can be brought in only in a phased manner with aclear long term plan.The other major challenge for the Indian steel and mining industries is theinadequate development of supportive infrastructure. The problem looks moreserious in the areas with greater mining potential. The Government has launchedinfrastructure development plans in unprecedented scale in areas such as power,road, ports, railways, communication and human resource development. However,whether it is a sole Government project or one in the PPP model, progress inimplementation is being hit by difficulties in land acquisition, extremist violenceand skill shortage. The conditions will change in the course of time to allow for completion of the projects in hand.The Government is doing its bit, a large responsibility also lies with theindustry and the industry associations. It is the synergy between what theGovernment does and how the private sector or the industry responds to it that willdetermine the success of all our efforts, the Minister added.The Joint Plant Committee (JPC) of the Steel Ministry has undertake amassive exercise of mapping out the infrastructure requirements of the steelcompanies in terms of augmentation of new railway line and development of highways. FICCI to commission a study for taking the JPC report forward withspecific projects that need to be undertaken so that these could be taken up with theministries concerned and the appropriate authorities.As regards forest and environment clearances for steel projects, theMinistry of Environment & Forests has been very cooperative in addressing theissues. The steel ministry have urged companies come up with specific issues sothat these could be put on the fast track for clearance. While land acquisition for steel projects continues to pose a major challenge, the Steel Secretary asked

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