Sat, May 27, 2017 | updated 08:04 AM IST

India's steel industry attracts global eyeballs at MMMM 2016

Updated: Aug 12, 2016 16:49 IST      
India's steel industry attracts global eyeballs at MMMM 2016
By Paras Bisht

New Delhi, Aug 12 (ANI): A three-day international exhibition on Minerals, Metals and Metallurgy Materials (MMMM) 2016 attracted exhibitors and visitors from around the world here.

There was keen interest among foreign visitors who wanted to be part of the Indian steel industry's growth story.

The Indian steel industry has touched new heights riding high on the resurgent economy and rising demand.

India is world's third-largest producer of crude steel and is expected to become the second-largest producer by the end of this year.

The 11th edition of the Minerals, Metals, Metallurgy and Materials (MMMM) exhibition organized in the national capital drew huge attention. Co-sponsored by eight ministries of the Central Government, the exhibition attracted about 300 exhibitors and 15,000 trade visitors from around 35 countries.

"It is the 11th edition and this time the number of visitor's footfall is 25% higher than the last time. We are expecting even more. There are more participating countries this time. The overall atmosphere is more positive this time and the major reason is that the metal industry is picking-up" said Udo Paul Schuertzman, organizer, International Trade Exhibitions India Pvt. Ltd.

The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. The sector has also been a major contributor to the country's manufacturing output.

In the three-day event, foreign exhibitors and consumers from around the world were impressed with the growth of steel industry in India and were eager to explore the market.

"We have been here for over 1 week. And we are very glad participating in this international exhibition. I have made many good friends here. This exhibition has given us opportunity to use the potential market" said Ding Yong E, Baosteel Engineering, participant from Shanghai.

"The exhibition is very good and everything is well organized. I think it is very good and I found everything useful here" a visitor from China said.

The Indian steel industry is very modern and boasts of state-of-the-art steel mills. Over the years, the sector has up-graded older plants and achieved higher energy efficiency levels. Iran has evinced keen interest in strengthening ties with India in the steel and mines sector

According to the data released by the Department of Industrial Policy and Promotion (DIPP), the Indian metallurgical industries attracted Foreign Direct Investments (FDI) to the tune of US$ 8.89 billion in the period April 2000-March 2016.

"Lot of cranes which are being exported to Middle-East and south-east Asia are manufactured in Pune. So, we are very much in the Make In India concept. Things have been improving. Till the recent past, people had started commenting that 'STEEL industry has become 'STILL' industry but gradually it is improving and there are positive signs. There are lot of inquires coming from all over the world" said Suvendu Das, KoneCranes, Participant.

"We are making in India from last the 10 years. We have assembly plants in Pune which serves Indian market as well countries like Sri Lanka and Bangladesh. This product was launched in this exhibition. Apart from this, we have other decentralized products. We are assembling in India and in future we have plans to put additional plants. One plant we have in western India and the next plant we are planning in south India. On international platform the Make In India concept is well appreciated even our management in Germany is confident participating in Make In India" Amit, GM-Sales, Nord Drivesystem, Exhibitor said.

The steel industry and its associated mining and metallurgy sectors have attracted a number of major investments in the recent past.

The thriving automobile and railways sectors have been contributing largely in the demand of this sector. (ANI)

Tral: Encounter underway, terrorists trapped

Updated: May 27, 2017 07:54 IST     

Srinagar [India], May. 27 (ANI): At least two terrorists are trapped and a massive encounter is underway here in Saimu Tral sector of Jammu and Kashmir, as security forces are trying to smoke them out from their hideouts.

Full Story >>

Maharashtra: Eight killed after car rams into tree

Updated: May 27, 2017 07:22 IST     

Ahmednagar (Maharashtra) [India], May 27 (ANI): As many as eight people were killed after a car rammed into a tree on Ahmednagar-Manmad highway last night.

Full Story >>

New Delhi [India], May 27 (ANI): Prime Minister Narendra Modi on Saturday paid his tributes to former prime minister Pandit Jawaharlal Nehru on his 53rd death anniversary.

Full Story >>

New Delhi [India], May 27 (ANI): After the Centre announced strict rules to prohibit sale of animals for slaughter or religious sacrifice at livestock markets and animal fairs that are a common occurrence in rural areas, the Communist Party of India (Marxist) on Saturday stated that by issuing this order, the government is imposing greater burdens on farmers.

Full Story >>

Political tourism shouldn't be played by Rahul Gandhi: BJP

Updated: May 27, 2017 03:54 IST     

New Delhi [India], May 27 (ANI): Slamming the opposition after Congress vice-president Rahul Gandhi was denied to visit riot-hit Saharanpur, the Bharatiya Janata Party (BJP) on Saturday asserted that the former is a master in political tourism and photo ops which is why he decided to visit Saharanpur.

Full Story >>

BJP welcomes PM Modi,Nitish meet

Updated: May 27, 2017 03:07 IST     

New Delhi/Mumbai (Maharashtra) [India], May 26 (ANI): Ahead of Bihar Chief Minister Nitish Kumar's meeting with Prime Minister Narendra Modi, the Bharatiya Janata Party (BJP) on Saturday welcomed the meeting of the duo, however refraining from commenting on speculations revolving around the same.

Full Story >>

UP: Children abused at shelter home in Allahabad

Updated: May 27, 2017 03:02 IST     

Allahabad (Uttar Pradesh) [India], May 27: In yet another shameful incident, three minor boys were tied up and tortured at a shelter home in Allahabad district of Uttar Pradesh.

Full Story >>

New Delhi/Bhopal (Madhya Pradesh) [India], May 27 (ANI): Lauding the Indian Army for neutralizing two Pakistani Border Action Team (BAT) terrorists in Jammu and Kashmir's Uri sector, the defence experts on Saturday said the myth of the supremacy of the Pakistani BAT stands demolished for all times to come.

Full Story >>

Delhi Court to hear tampering charges in Uphaar tragedy case

Updated: May 27, 2017 01:53 IST     

New Delhi [India], May 27 (ANI): A Delhi Court will on Friday continue to hear the alleged tampering with evidence related to the Uphaar tragedy case.

Full Story >>

Delhi Court to hear defamation case against Kejriwal

Updated: May 27, 2017 01:17 IST     

New Delhi [India], May 27 (ANI): A Delhi Court will on Saturday continue its hearing in the defamation case of Bharatiya Janata Party (BJP) MP Ramesh Bidhuri against Delhi Chief Minister Arvind Kejriwal.

Full Story >>

TRS parliamentary party meet to be held today

Updated: May 27, 2017 01:13 IST     

Hyderabad (Telangana), May 27 (ANI): The Telangana Rashtra Samithi (TRS) parliamentary party and legislature party meeting, under the Chairmanship of party president and Chief Minister K. Chandrashekhar Rao will be held on Saturday.

Full Story >>

India condoles loss of lives in Sri Lanka due to flooding

Updated: May 27, 2017 00:50 IST     

New Delhi [India], May 27 (ANI): Prime Minister Narendra Modi has said that India condoles the loss of lives and property in Sri Lanka due to flooding and landslides.

Full Story >>

J-K: Three terrorists trapped in Pulwama encounter

Updated: May 26, 2017 23:52 IST     

Pulwama (Jammu and Kashmir) [India], May 26 (ANI): As many as three terrorists are reportedly trapped in the Pulwama encounter that started at Saimu Tral of Jammu and Kashmir earlier in the day.

Full Story >>

RJD's application for EVM hackathon challenge rejected

Updated: May 26, 2017 23:12 IST     

New Delhi [India], May 26 (ANI): The Election Commission of India (ECI) on Friday rejected the request filed by the Rashtriya Janata Dal (RJD) to take part in the Electronic Voting Machine (EVM) hackathon challenge.

Full Story >>

Pulwama (Jammu and Kashmir) [India], May 26 (ANI): A group of terrorists attacked at Indian Army's patrolling party at Jammu and Kashmir's Saimooh village in Pulwama's Tral area on Friday.

Full Story >>

J-K: Two bodies along with weapons recovered in Uri

Updated: May 26, 2017 21:21 IST     

Uri (Jammu and Kashmir) [India], May 26 (ANI): After foiling an infiltration bid along the Line of Control (LoC) in Uri Sector, the Indian Army on Friday recovered two bodies along with weapons including one AK 47 rifles and one pistol.

Full Story >>

Centre notifies bill to put ban on cattle slaughter

Updated: May 26, 2017 21:17 IST     

New Delhi [India], May 26 (ANI): Minister for Environment, Forest and Climate Change Harsh Vardhan on Saturday said the ministry has notified the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017 to ensure that the sale of cattle is not meant for slaughter purposes.

Full Story >>

CBSE to announce Class 12th results on Sunday

Updated: May 26, 2017 21:15 IST     

New Delhi [India], May 26 (ANI): The Central Bureau of Secondary Education (CBSE) will announce the examination results of the Senior Secondary Examination (Class 12th) on May 28th.

Full Story >>

PM Modi exhorts people to work towards making New India

Updated: May 26, 2017 20:42 IST     

Guwahati (Assam) [India], May 26 (ANI): The Prime Minister Narendra Modi on Friday exhorted the countrymen to work towards making a New India.

Full Story >>

New Delhi [India], May 26 (ANI): After the sudden demise of former Punjab Director General of Police (DGP) K.P.S. Gill at the age of 82 due to cardiac arrhythmia here on Friday, former prime minister Manmohan Singh said that the country has lost an outstanding public servant, who played a remarkable role in controlling militancy in Punjab.

Full Story >>