Integrated Steel Hub

  • IASbaba
  • January 11, 2020
  • 0
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Integrated Steel Hub

Part of: GS Prelims and GS Mains –II- Indian Polity- Cooperative Federalism; GS-III- Economy

In News

  • Integrated Steel Hub will encompass Odisha, Jharkhand, Chhattisgarh, West Bengal and Northern Andhra Pradesh 
  • It aims to attract investment of nearly $70 billion in the steel sector and spur economic growth across eastern India
  • It is a ‘Purvodaya’ initiative for focused development of eastern states.
  • The eastern states collectively hold nearly 80% of the country’s iron ore, most of domestic coking coal reserves and significant portion of chromite, bauxite and dolomite reserves.
  • Out of the 300 mt steel capacity by 2030-31, the region alone is capable of contributing over 200 mt.

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