Indian Steel Industry: The New Dynamics

This book is an attempt to capture the historical development of the Indian steel industry, the major transfor-mations witnessed therein and the new challenges faced against the backdrop of globalization. All major industrial economies have a strong domestic steel industry which shaped their economic growth in the initial stages of their development. In India, too, the vision of Sir Jamshedji Tata was taken to its logical conclusion by the leaders of Independent India, and steel production was given a pride of place in the successive five-year plans. The Government s policy attaches great importance to capacity expansions in the steel industry, to produce and market steel at globally competitive prices. The book is written to provide a comprehensive understanding of the steel industry to the reader. The book traces the history of the Indian steel industry from the days when capacity creation was licensed and reserved for the public sector, to the stage of liberalization and transformation that was witnessed following the entry of private players, large scale domestic capacity creation, reduction of import duties and the global economic recession. This book captures the impressive strides made by the industry due to a host of international and domestic developments, leading to increased production, consumption and export of steel from India. The national steel policy, the global competitiveness of the Industry and the vision for the future are the other highlights of this book.