Easy availability of raw materials is essential for the rapid development of industries
• It will be necessary to sympathetically consider the minimum tax rates, royalties, and other obligations only if the way for Indian goods in the international market will be easier.
• It is also necessary for the growth of industries to pay attention to electricity rates, big difference in exchange, and distribution rates.
• Coal-to-gas making technology (CGP) will benefit the country greatly because chemical energy is produced from coal which is beneficial for all the industries & agriculture.
Naveen Jindal, Chairman of the Jindal Steel and Power Limited (JSPL),welcoming the concept of Aatmanirbhar Bharat as a visionary step of the government, said that it requires rapid development of industries and that can be ensured with the easy availability of the raw material.
Jindal was addressing a digital conference organized by the Indian Chamber of Commerce on “Aatmanirbhar Bharat: Focus on Downstream Industry in Chemicals & Petrochemicals and Steel Sector 2020” in coordination with the Ministry of Oil & Natural Gas and the Steel. He said that the steel sector is excited by the introduction of visionary initiatives like Aatmanirbhar Bharat under the leadership of Prime Minister Narendra Modi and the Steel Minister Shri Dharmendra Pradhan and also going to join the pioneering sectors whose contribution to the goal of Aatmanirbhar Bharat can be achieved easily.
Jindal said that any industry can grow only when the conditions of production are conducive to it. The preconditions are – Raw materials are easily available, there should be logical and minimum tax rates, royalty, and other obligations should also be made so that our products can compete in the international market and make their permanent place.
He said that the alternatives to energy are increasing day by day. Development of renewable energy resources like solar, wind, hydroelectricity will reduce coal usage after approximately the next 30 years, so we should try to achieve our goal of a self-reliant India at the earliest by auctioning coal blocks as thermal coal is available in India in abundance.
He gave a similar opinion about iron ore mines and praised the Odisha government’s transparent auction policies and asked other mineral-rich states to take inspiration from it. According to him, in the next 30 years, there will be so much production of iron and steel in the world that recycling of steel will become a priority instead of mines, so India should build a strong economy by using Aatmanirbhar Bharat mission. If the raw material is easily available, then surely industries will expand and tax rates are logical, then undoubtedly the commodity will be cheaper and its reach will be ensured to maximum people.
Jindal said that electricity should also be cheaper to run healthy industries. Now Electricity is available for Rs. 1.50 at the exchange, gets many times more expensive by reaching the factory through the distribution system. The government should focus on this.
Highlighting the technology of making gas from coal (CGP),Naveen Jindal said that the technology produces synthesis gas, which is a mixture of hydrogen and carbon mono oxide. The gas is basically chemical energy that can produce many items including petroleum products, Mentha, diesel, ammonia which can be beneficial in steel manufacturing as well as oil and natural gas, agriculture, fertilizer and for so many other industries.
On JSPL’s contribution to nation-building, he said that our company gave many products to the country first. These include parallel flange beams, slab casters,5 meter wide plates, head hardened rails for metro, and also asymmetric rails. Similarly, JSPL is the only private sector manufacturer of rail tracks. JSPL is the first private company that gifted the nation with an independent power plant at Tamnar In Raigarh i.e. Jindal Power Limited. The venture inspired dozens of power plants that took the country in a respectable position in terms of capacity.
In, this webinar, Union Minister Dharmendra Pradhan also expressed his views on the policies of Aatmanirbhar Bharat and said that Indian Oil Corporation will invest 31 thousand crores by 2024.Apart from him, Odisha’s Industries Minister Dibya Shankar Mishra, Odisha’s Industries Secretary Hemant Sharma, Indian Oil Corporation’s Srikanth Madhav Vaidya, RINL’s Pradosh Kumar Rath etc. participated in this digital conference.