India would need to set up a body along the lines of the Canadian Institute for Steel Construction (CISC) for the promotion of steel usage in new areas, India’s steel minister Chaudhary Birendra Singh said on Wednesday, August 30.
The Indian version of the CISC would also need to have the same vision of providing leadership in design, construction, innovation, cost efficiencies and quality, he added.
The steel minister remarked that the Indian government for its part to promote usage of steel in new areas had ordered construction of steel silos for the Food Corporation of India. In addition, to focus on production of higher volumes of special steels and a shift from commodity steel by domestic steel producers, the government would facilitate the formation of joint ventures between Indian steel companies and foreign technology providers, Singh said.
The minister pointed out that the Ministry of Steel had already provided for funding of $78 million for setting up pilot production facilities for cold rolled grain-oriented steel through collaboration between local steel companies and Indian metallurgical research institutes.