In news

An Integrated Steel Hub is being in eastern India which would add to the competitiveness of the steel sector and facilitate regional development with job creation."

Mission Purvodaya

It was launched in 2020 for the accelerated development of eastern India through the establishment of an integrated steel hub in Kolkata, West Bengal.

Objective

To enable swift capacity addition and improve overall competitiveness of steel producers both in terms of cost and quality.

Integrated Steel Hub would focus on 3 key elements

• Capacity addition through easing the setup of greenfield steel plants
• Development of steel clusters near integrated steel plants as well as demand centres
• Transformation of logistics and utilities infrastructure which would change the socio-economic landscape in the East.

Benefits of Integrated Steel Hub

• It will play a significant role in the overall socio-economic growth of Eastern India, thus reducing the disparity between the East and other regions of the country.
• It would enable the eastern belt to add more than 75% of the country’s incremental steel capacity envisioned by the National Steel Policy.
• This would also be accompanied by social infrastructure in the form of cities, schools, hospitals, skilling centers, etc
• It would enable swift capacity addition and improve the overall competitiveness of steel producers both in terms of cost and quality. 
• In addition to increased steel capacity, this hub would also help enhance best-in-class value addition capabilities. 
• The creation of world-class logistics and utility infrastructure would also spur the development of other manufacturing industries across sectors.

Source: PIB