India: Steel Ministry proposes setting up integrated steel hubs

摘要

The Ministry of Steel has proposed setting up integrated steel hubs similar to the ones in Korea, China and Germany. The hubs would support the growth of the steel sector. According to a Draft Framework Policy-Development of Steel Clusters in India, "The Ministry is proposing creation of 'Integrated Steel Hubs' based on the principle of availability of raw material, logistics support and/or proximity to demand centres. It will enable capacity expansion through provision of a cohesive ecosystem, with presence of effective forward and backward linkages, single-window mechanism for swift approval of clearances and best-in-class logistics infrastructure." The draft, uploaded on the Steel Ministry's Website on Tuesday, has sought comments on the proposed policy.