To develop Sponge Iron Industry as National Advantage for India based on Porter's Model

brand name pains in India - a National profit? By: Atul Prakash, final exami population Year MBM (IIT Kharagpur), B.Tech (Met totallyurgy)(NITW) It has been often mentioned that a nations study ass be gauged from the condition of the Steel Industry in that country. This is so because it makes profound contribution towards the development in terms of infrastructure, employment etc. The Government of India has a Steel Ministry to look into the matters related to this intentness. The field is so important that it call for to be nurtured and grown in order to generate a National Advantage. We need to canvas the industry with the perspective that it can bloom into a root system of advantage for the nation as a whole. So for this propose we first acquit to identify the ingredients which would lead to a matter comparative advantage. These ingredients fool been listed down with the perspective of steel industry: 1. The availability of resources and skills: India has got p rofuse resources of Iron ore in the eastern fracture of the country. But it is lacking(p) in the quantity of metallurgical dictate coking ember. It has been reported that India forget have to import all its coking coal requirements by the division 2025, which is of ut to the highest degree importance in most of the enormous steel plants which have a blast furnace.

Hence, thither exit be a heavy toll on the abroad exchange and also on the cost of toil of all the integrated steel plants. As a result, a punishing need for an alternative route is required to cause the development of the nation. We always hear about the use of renewabl e sources of push button in our day to day ! activities, but the actual savings will be achieved only if the industrial custom of the non-renewable resources is decreased. This is not... If you loss to get a full essay, order it on our website: BestEssayCheap.com

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