Foreign Companies
in India Yearbook and CD-Rom features leading
international companies trading in India;
subsidiaries, representative offices, joint
ventures, associated companies and
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India
Shining - Steel Industry Blazing High
In
2006, India
emerged as the second largest steel producer in terms of growth rate in Asia
after China. Also, the country remained the seventh largest producer of
crude steel that year, according to a market research report “Opportunities
in Indian Steel Industry”. The descriptive report thoroughly
evaluates the industry and tries to find out the reasons for the phenomenal
growth being witnessed in the Indian steel industry. The study says that the
industry is full of potential for both steel production and consumption in
India and is slowly gaining the global attention.
Due to fast growth in the industry, domestic players are expanding their
steel production capacity to benefit from the opportunity. Apart from the
domestic makers, foreign players too are staking high on this thriving
sector to rake in the profits.
The study counts several factors responsible for the excelling Indian steel
industry. It also briefs on how liberalization in the Foreign Direct
Investment (FDI) has spurred growth in the Indian steel industry.
In India,
the research identifies Jharkhand and Orissa as the most potential steel
producing destinations. These two states, due to multiple reasons, are
attracting increasing number of steel projects. The research counts several
big steel projects that have been inked by the Indian government and
prominent steel producers.
The Indian government is working in the direction of taking the steel
industry to growth road. The report outlines various development programs
undertaken by the government to fortify the position of the Indian steel
industry. It also looks into the future development programs of the
government which will spur growth in the steel demand in the years to come.
The comprehensive research, “Opportunities
in Indian Steel Industry”, studies the structure of the
Indian steel industry, with first-hand information on production and
consumption. It gives a detailed account on the trade statistics of the
steel industry and examines whether India is a
net steel-exporting or importing country. It discusses the development of
raw material, like iron and limestone, used in the production of steel in
India. Apart from this, the report also updates on the opportunities and
challenges in the market and based on these crucial factors, grounds the
future forecast of steel consumption.
