In a significant move soon after assuming office as Union Minister for Steel and Heavy Industries, HD Kumaraswamy has given the green light to mining operations at the Devadari iron mine in Sandur, Ballari. His proactive stance was highlighted during a recent review meeting held in New Delhi, where he assessed the status of various public sector units (PSUs) including Karnataka’s struggling entities like Visvesvaraya Iron and Steel Plant (VISP) in Bhadravathi and Kudremukh Iron Ore Company.
Addressing Sector Challenges and Opportunities
During the meeting, Kumaraswamy focused on crucial issues such as tackling competition from Chinese steel manufacturers, enhancing the performance of Industrial Park and Hindustan Machine Tools in Tumakuru, and revitalizing the state’s ailing industrial units. He directed ministry officials to draft cabinet notes and prepare for a forthcoming meeting with PSU heads to strategize on these matters.
Initiatives for Economic Growth
Highlighting the potential for economic growth, Kumaraswamy discussed Tesla’s interest in investing in India and their request for incentives. He also emphasized the need to make electric vehicles more affordable, acknowledging current challenges in their adoption due to high costs.
Commitment to Job Creation
In his directives, Kumaraswamy stressed that while attracting industries is pivotal, job creation should be a primary focus. This approach aligns with his broader vision to stimulate economic development and employment opportunities across sectors.
Path Forward
The proactive measures initiated by HD Kumaraswamy underscore a proactive approach towards revitalizing the steel and heavy industries sector in India, aiming to foster growth, competitiveness, and sustainable development.