ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Dithering on Company Deposits

ish attempt to disregard the power constraint India, on the other hand, enjoys distinct natural advantages in the large- scale production of mild steel. Not many years ago, India was producing: the cheapest steel in the world. This advantage has been lost in the past IS years or so because of the misdirection of investment, mismanagement, over- dependence oh foreign collaboration and a deliberate slow-down in the development of the steel industry, India can yet recover the lost ground in steel if a sound techno-economic approach is adopted and the natural endowments of the country are competently and purposefully exploited. Besides vast iron ore deposits, adequate reserves of coking coal and other raw materials for steel making, a sizeable capacity in machinery and equipment manufacture, skilled labour and design and engineering skills have come up in the country making possible a major leap forward in steel making capacity.

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