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Shri Arjun Singh briefed on HRD Activities & Issues - Smt. Kanti Singh and Shri Md. Ali Ashraf Fatmi, Moss, also assume charge

Lalu Prasad takes over as New Railway Minister

Naranbhai Rathwa takes over as New Minister of State for Railways

Kamal Nath takes over as Commerce & Industry Minister

Ram Vilas Paswan takes over as Union Minister for Steel, Chemicals and Fertilizers

Shankar Sinh Vaghela takes over as Union Textiles Minister

Shri Mani Shankar Aiyar takes over as Petroleum Minister - Shri Elangovan assumes charge as Minister Of State For Petroleum & Natural Gas

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Ram Vilas Paswan takes over as Union Minister for Steel, Chemicals and Fertilizers
New Delhi: May 24, 2004

Shri Ram Vilas Paswan, Union Minister for Steel, Chemicals and Fertilizers has said that the steel industry has a great future and with the development of the infrastructure sector, the consumption of the steel in the country is expected to grow. Shri Paswan took over today in the Ministry of Steel. He was briefed by the Secretary and senior officials on the activities of the Ministry. Talking to the newsmen, he stated that the country at present is producing 32 Million Tonnes (MT) of steel, out of which 4 MT are being exported. There are 12 Public Sector Undertakings in the Ministry. The largest Public Sector Undertaking Steel Authority of India Limited (SAIL) with 7 Units is producing nearly 12 MT. Out of these units, Salem, VISL and ASP, the loss making units have been slated for disinvestment. The Minister informed that he will look into the problems of these units at the earliest. Two profit making units, Manganese Ore India Limited (MOIL) and Sponge Iron India Limited (SIIL) are also in the process of disinvestment. The Minster said that he will visit the units and review their performances before taking any decision on disinvestment.

Shri Paswan said the Ministry has a vision to increase production to 100 MT by 2020, which would help India to become a developed economy. All necessary steps will be taken to facilitate the growth of the industry, he said. On the issue of the price rise, and availability of steel to Small Scale Sector, the Minister said, he would go into the matter on priority basis. He emphasized on efficient industrial relations and a healthy working atmosphere in the sector.

Press Release: PIB
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