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

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NEW DELHI-New Thinking in Steel

NEW DELHI New Thinking in Steel B M WHEN the Steel Minister, Biju Patnaik, on his return from a tour of Soviet Union, some of the Eastern European countries and West Germany, told the Consultative Committee of MPs attached to his Ministry that a shore-based steel plant was proposed to be set up at Mangalore, George Fernandes, campaigning against Indira Gandhi in the Chikmagalur constituency, must have been elated. When George Fernandes had committed the government to the setting up of a steel plant at Mangalore, had nothing with him to go by ex- pet the general proposition canvassed for long by the Steel Minister in favour of export-oriented, coastal-based steel plants as the basis on which the Indian steel industry might in future be expanded in the face of sluggish domestic demand. Domestic demand, it was argued, was not likely to touch anything like the fancy targets of 75 to 100 million tonnes at the end of the century which were projected during the early heady days of India's development planning.

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