Stainless steel companies should increase capacity: RCP Singh
Domestic demand for stainless steel will increase further in the near future and Indian manufacturers are expected to increase capacity to supply the best quality products, Union Steel Minister RCP Singh said on Friday.
Singh made the comment during a visit to the factory of Jindal Stainless Limited (JSL) in Jajpur district of Odisha, according to a statement released by the conglomerate.
”The Indian stainless steel industry has a bright future. This metal is not only durable, but also has tremendous health benefits,” the minister said.
”Domestic demand for stainless steel will increase further in the near future. Indian stainless steel manufacturers must increase their capabilities to deliver the best quality products to domestic and international consumers in line with the vision of our Prime Minister,” he added.
Singh also stressed the need to shift to green manufacturing, adding that young engineers would pave the way for the domestic industry to reach new heights.
JSL Chief Executive Abhyuday Jindal said the company is committed to nurturing a self-sustaining ecosystem for the industry that empowers indigenous manufacturing and helps achieve a circular economy.
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