Housing schemes, defence needs to push steel demand: Minister
Bengaluru, June 29: Demand for steel is expected to grow for meeting the needs of the state-run flagship schemes like Make in India, housing projects and the defence sector, said Union Steel Minister Chaudhary Birender Singh on Friday.
"Demand for value-added and sophisticated grade of steel is expected to grow to meet the needs of state initiatives like Make in India, Pradhan Mantri Awas Yojana, Pradhan Mantri Gramin Vikas Yojana and the defence sector," he told reporters after the National Steel Consumers' Council meeting here.
With per capita consumption of steel in India at around 68 kg, it stands at less than a third of the global average consumption of around 208 kg, the Minister noted.
"The issues of demand, supply, product innovations and logistics require serious deliberations. The Consumers' Council needs to draw the expected roadmap of logistics for seeking priority attention of policy makers," he added.
Steel contributes about 2 per cent to the country's Gross Domestic Product (GDP).
"The state has identified infrastructure as a priority sector, which is bound to bolster the GDP growth rate. Considering the advantages of steel-based structures like lower lifecycle and high design flexibility, steel is a major material in infrastructure development," added Singh.
The Union government's programmes including Smart Cities Mission, Housing for All, Atal Mission for Rejuvenation and Urban Transformation and modernisation of defence sector are expected to use domestic steel, the Minister said.
"These initiatives will provide the additional push to increase the domestic steel demand in short-to-medium term," he added.
There is, however, a need for the industry and steel consumers to work together to promote the usage of steel in hilly areas, railways and development of special grades for energy and medical purposes etc, Singh said.
During the Consumers' Council meeting, a mobile app of the state-run MSTC Ltd, an e-commerce undertaking of the Ministry of Steel, was launched in order to bring buyers and sellers closer.
Minister of State for Steel Vishnu Deo Sai was also present on the occasion.
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Miscreants decamp with 70 kg silver articles from jewellery shop in Bengaluru
Bengaluru (PTI): Unidentified miscreants allegedly broke into a jewellery shop here and decamped with approximately 70 kg of silver articles worth crores of rupees, police said on Friday.
The incident was reported at a jewellery shop near 8th Mile, Havanur, on April 28, they said.
According to police, the accused are suspected to have entered the premises from the rear after breaking open the lock and drilling a hole through the wall of the shop.
The incident came to light at around 7 am on April 28 when shop staff opened the premises and discovered signs of forced entry and extensive damage to the rear section of the building, following which they alerted police authorities.
Preliminary estimates indicate that around 70 kg of silver articles, worth crores, were stolen. Most of the silver items displayed in the cupboards were taken, while valuables kept in the locker remained intact, a senior police officer said.
Police said CCTV cameras inside the shop were not functioning. Efforts are underway to identify the suspects using footage from cameras installed in the vicinity.
The miscreants also allegedly took away the Digital Video Recorder (of CCTV) of an adjacent shop, the officer added.
Investigators are also examining the tools and techniques used to gain access to the shop, suspecting the involvement of a professional gang with prior knowledge of the store layout.
A case has been registered at Bagalagunte Police Station, and further investigation is underway to identify and apprehend the accused, police said.
