Growth and Development of Iron and Steel Industry
India’s iron and steel industry is more than 4000 years old history. In 350 AD in Delhi near Qutub Minar, a famous iron pillar was created. In 1830, the first attempt of unsuccessful iron and steel was made in Chennai, Tamilnadu. Bombay Iron Works produced pig iron for the first time in 1874.
J.N Tata started the actual progress of the iron and steel industry. In 1918, IISCO ( Indian Iron and Steel company limited) was established in Asansol, West Bengal. Visveswaraya Iron and steel limited was established in 1923 at Bhadravati in Karnataka.
During the second five-year plan (1956 – 1961), the Indian Iron and Steel industry made huge progress. In the collaboration with USSR, Britain, and the German govt, the Indian govt established the Iron and Steel industries in Bhilai, Durgapur, and Rourkela. Bokara iron and steel plant was established in 1964 with the collaboration of Russia. In 1973 Steel Authority of India (SAIL) was established.
Iron and Steel Industry in India
The Iron and Steel Industry in India is one of the most important industries and as of January 2019, India has overtaken Japan as being the world’s second-largest producer of steel. The crude steel production in India is 106.5 tonnes.
Table of Content
- Iron And Steel Industry in India
- Structure of the Iron and Steel Industry in India
- Distribution of Iron and Steel Industry in India
- Major Iron and Steel Plants in India
- Mini Steel Plants
- Government Initiatives for the Iron and Steel Industry in India
- Significance of the Iron and Steel Industry in India