Which one of the following is not true regarding the iron and Steel industry in India?
a. India is the largest producer of sponge iron
b. Most of the public sector undertakings market their steel through the steel authority of India
c. Chota Nagpur Plateau region has the maximum concentration of iron and steel industries
d. As a leading iron and steel producing country, India does not need to import steel from other countries
Answer
599.7k+ views
Hint:
The iron and steel industry in India has flourished over a year since independence. India is among the top producers of iron and steel worldwide and was ranked as the second-largest producer of steel in the world, China being the first one.
Complete solution:
The iron and steel industry is among the most important industries as it provides the raw material and machinery used in other industries therefore, it forms the base for the development of other industries and contributes majorly to the growth of the overall industrial sector. In India, the iron and steel industry is managed by the Ministry of Steel, which forms all the policies and takes all the decisions regarding the development of the industry in both public as well as the private sectors and also deals with the import and export, and pricing. The iron and steel industry in India has been categorized as the main producers, the other major producers, and the secondary producers. SAIL, TISCO, and RINlL are among the main producers who constitute fifty percent of the total production of Iron and Steel in the country. India is an exporter as well as an importer of Iron. There has been a prominent increase in the imports of steel to fulfill the growing demand of the upcoming industries and thus India is a net importer of Steel.
Hence, the correct answer is option D.
Note:
The production of the iron and steel industry has increased rapidly with the increasing demand which has led to the development of many steel plants in the country. As India is rich in terms of mineral resources many steel plants have been developed in the country and most of them are concentrated in the Chotanagpur region.
The iron and steel industry in India has flourished over a year since independence. India is among the top producers of iron and steel worldwide and was ranked as the second-largest producer of steel in the world, China being the first one.
Complete solution:
The iron and steel industry is among the most important industries as it provides the raw material and machinery used in other industries therefore, it forms the base for the development of other industries and contributes majorly to the growth of the overall industrial sector. In India, the iron and steel industry is managed by the Ministry of Steel, which forms all the policies and takes all the decisions regarding the development of the industry in both public as well as the private sectors and also deals with the import and export, and pricing. The iron and steel industry in India has been categorized as the main producers, the other major producers, and the secondary producers. SAIL, TISCO, and RINlL are among the main producers who constitute fifty percent of the total production of Iron and Steel in the country. India is an exporter as well as an importer of Iron. There has been a prominent increase in the imports of steel to fulfill the growing demand of the upcoming industries and thus India is a net importer of Steel.
Hence, the correct answer is option D.
Note:
The production of the iron and steel industry has increased rapidly with the increasing demand which has led to the development of many steel plants in the country. As India is rich in terms of mineral resources many steel plants have been developed in the country and most of them are concentrated in the Chotanagpur region.
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