MI NEWS SERVICE
RANCHI: MECON participated in the International Metallurgical Trade Fair during June 25-29 at Dusseldorf, Germany.
An Indian Steel pavilion was organized at the exhibition under the aegis of Minister of Steel, wherein MECON along with other participating CPSEs under MoS namely SAIL, NMDC, RINL, KIOCL and MOIL showcased India’s metallurgical growth story and explored global technology developments.
During MECTEC, MECON signed MoU with M/s TENOVA METALS Deutschland GmbH on June 27 for mutual cooperation in the area of Secondary Metallurgy: VD, VAD, VOD and RH system. MECON also signed with Zhejiang Tengy Environment Technology on June 28 for Fuel Gas Desulphurization system.
The India pavilion was inaugurated on June 25th by Pratibha Parkar, Consul General of India, Frankfurt in presence of global stawarts of the stell industries.
On this occasion MECON co-organised a seminar on Opportunities in Indian Steel Industries while setting the contest of the seminar Atul Bhatt, CMD MECON gave a presentation on the immense opportunities in the Indian Steel sector and stressed on the importance of Make in India drive of government.
He highlighted the opportunities emanating from National Steel Policy 2017, which sets a target of 300MT crude steel capacity by 2030-31 from present level of about 138 MT. “In order to add about 160MT of additional steel capacity huge investment of USD 115 billion will be required, which will entail an important content about USD 20-22 billion worth of capital goods as well as annual import of USD 500 billion worth of spares by 2030-31,” added Bhatt.
TV Narendran, vice president CII and CEO, Managing Director, Tata Steel giving the industry perspective stated that India is the only country with unique advantage of having the raw materials and the huge domestic market.
The other panelists on the dais were Anil Chaudhary, Chairman SAIL, Naveen Jindal, Cahirman Jundal Steel and Power Limited, Anand Sen, president TQMand Steel Business, George Rassel, CEO Tata Steel.