Page 50 - Steel Tech India eMagazine Volume July 2023

92/ Ć ,668( Ć -XO\

IURP RWKHU FRXQWULHV LV QRW DOZD\V WKH EHVW RSWLRQ 7KH\ GLVSDWFKDEOH SRZHU 36+ LV D FRQ¿JXUDWLRQ RI WZR ZDWHU
QHHG WR EH DGDSWHG WR WKH QHHGV RI VWDNHKROGHUV LQ UHVHUYRLUV DW GLႇHUHQW HOHYDWLRQV :DWHU LV SXPSHG WR
,QGLD WRR 7KH ,&5,(5 WHDP VKH DGGHG KDG FRQGXFWHG WKH XSSHU UHVHUYRLU DW WKH WLPH RI H[FHVV SRZHU ZKHQ LW
D ³SROLF\ SULRULWLVDWLRQ´ IRU WKH UHSRUW IRU ZKLFK WKH\ LV WKH FKHDSHVW WKH FRPSDQ\ VDLG
FRQVXOWHG VWDNHKROGHUV DFURVV ,QGLD¶V VWHHO VHFWRU 36+ LV D PXFK VXSHULRU VROXWLRQ WKDQ WKH EDWWHU\ IRU
7KH UHSRUW KLJKOLJKWHG WKH QHHG WR UHGXFH EODVW IXUQDFH HQHUJ\ VWRUDJH DV LW LV FKHDSHU KDV D ORQJHU OLIH RI
based steel production in India, to increase production \HDUV DQG SURYLGHV ORQJHU GXUDWLRQ VWRUDJH RI WR
RI JUHHQ VWHHO SURGXFHG XVLQJ D K\GURJHQ EDVHG KRXUV ZLWK WKH IHDVLELOLW\ RI PXOWLSOH F\FOH RSHUDWLRQV
PHWKRG DQG IRU JRYHUQPHQW LQFHQWLYHV WR HQFRXUDJH during the day.
DGRSWLRQ RI JUHHQ WHFKQRORJ\ ,W DOVR UHFRPPHQGHG 7KH FRPSDQ\ FXUUHQWO\ KDV DQ DJJUHJDWH LQVWDOOHG
changes to the National Steel Policy to push secondary JHQHUDWLRQ FDSDFLW\ RI *: ZKLFK FRQVLVWV ODUJHO\
steel production, which involves collecting steel scraps RI FOHDQ JHQHUDWLRQ VRXUFHV VXFK DV JDV *: DQG
DQG SURFHVVLQJ WKHP IRU IXUWKHU XVH
UHQHZDEOHV *: ,W DOVR KDV D UHQHZDEOH FDSDFLW\
7KH UHSRUW VXJJHVWHG XVLQJ ORZ FDUERQ VWHHO IRU SXEOLF RI *: XQGHU GHYHORSPHQW
projects, and encouraging the private sector to invest 7RUUHQW 3RZHU LV WKH LQWHJUDWHG SRZHU XWLOLW\ RI WKH
in green steel. GLYHUVL¿HG 7RUUHQW *URXS ,W LV RQH RI WKH ODUJHVW
³%XW ZH KDYH WR ORRN EH\RQG UHQHZDEOH HQHUJ\ DQG FRPSDQLHV LQ WKH FRXQWU\¶V SRZHU VHFWRU ZLWK D SUHVHQFH
HQHUJ\ HႈFLHQF\ DQG ORRN GHHSHU LQWR WKH LQGXVWU\ WR DFURVV WKH HQWLUH SRZHU YDOXH FKDLQ RI JHQHUDWLRQ
FRPEDW FOLPDWH FKDQJH ´ VDLG 'HVDL WUDQVPLVVLRQ DQG GLVWULEXWLRQ
7KH ,&5,(5 WHDP¶V SROLF\ VWUDWHJLHV IRU FDUERQ QHXWUDO 7KH 86 ZLOO LQYHVW ELOOLRQV RI GROODUV LQ VRODU SDQHO
VWHHO UDQJHG IURP WHFKQRORJLFDO XS JUDGDWLRQ WR UDLVLQJ SURGXFWLRQ LQ ,QGLD
DZDUHQHVV RI JUHHQ SUDFWLFHV 86 HQHUJ\ VHFUHWDU\ -HQQLIHU *UDQKROP VDLG WKH 86
7KH WHDP DOVR DGGUHVVHG D WKLUG SROLF\ OHYHU IRU WKH YLHZV ,QGLD DV WKH PRVW HVVHQWLDO SDUWQHU LQ WKH FOHDQ
VWHHO VHFWRU ² H[SRUW SURPRWLRQ SROLFLHV HQHUJ\ WUDQVLWLRQ DQG 1HZ 'HOKL KDV FRPPLWWHG D
VLJQL¿FDQW DPRXQW LQ JUHHQ K\GURJHQ 7DNLQJ DERXW
7R FXUE ³DJJUHVVLYH H[SRUWV´ WKH WHDP SURSRVHG
SROLFLHV OLNH H[SRUW WD[ LQFHQWLYHV DQG SUHIHUHQWLDO FUHGLW IXQGLQJ IURP WKH 86 'HYHORSPHQW )LQDQFH &RUSRUDWLRQ
VFKHPHV IRU H[SRUWV *RONDU DOVR HPSKDVLVHG WKH QHHG IRU WKH UHQHZDEOHV VHFWRU VKH VDLG ,QGLD EULQJV LQ WKH
IRU IRUHLJQ SROLF\ DQG WUDGH UHODWHG SROLF\ LQWHUYHQWLRQV QRWLRQ RI VFDOH DQG WKH 86¶ FRQWULEXWLRQ LV ODERUDWRULHV
LQ ,QGLD WKH ZRUOG¶V VHFRQG ODUJHVW SURGXFHU RI FUXGH DQG HႇRUWV LW LV PDNLQJ WR LQFHQWLYLVH SURGXFWLRQ
steel. ³)XQGLQJ ZLVH ,QGLD KDV FRPPLWWHG DQG WKH SULYDWH
VHFWRU LV FOHDUO\ OLVWHQLQJ )RU H[DPSOH 86 ¿UP )LUVW
“The idea is to have an expansive green policy that 6RODU ZLOO LQYHVW ELOOLRQV RI GROODUV IRU WKH SURGXFWLRQ
WDNHV LQWR DFFRXQW HYHU\ VWHS LQ WKH VWHHO SURGXFWLRQ RI VRODU SDQHOV LQ ,QGLD WKDW GRHV QRW GHSHQG RQ
and supply chain. The globe is connected through the DQ\ PDWHULDOV IURP &KLQD 7KH\ DUH GRLQJ WKH VDPH
VWHHO YDOXH FKDLQ DQG D ULSSOH LQ RQH FRXQWU\ LV IHOW DOO expansion in the US,” she said. India and the US have
DFURVV ´ VDLG *RONDU ³&OLPDWH FKDQJH LPSHUDWLYHV DUH agreed to collaborate on clean energy and the latter is
QRW ,QGLD¶V DORQH WKH\ DUH JOREDO FKDOOHQJHV ´ ZRUNLQJ WR EULQJ QDWLRQDO ODEV WR SDUWQHU ZLWK ,QGLD
7RUUHQW /LQHV XS ൠ NFU IRU 3URMHFWV LQ 0DKDUDVKWUD ,QGLD ZRRV DQRWKHU 4XDG SDUWQHU -DSDQ ZLWK
7RUUHQW KDV VLJQHG D 0HPRUDQGXP RI 8QGHUVWDQGLQJ VHPLFRQGXFWRU FRRSHUDWLRQ
0R8 ZLWK WKH 0DKDUDVKWUD JRYHUQPHQW WR VHW XS WKUHH $ IHZ PRQWKV DIWHU VLJQLQJ D 0R8 ZLWK WKH 86 RQ
SXPSHG VWRUDJH K\GUR SURMHFWV RI 0: FDSDFLW\ VHPLFRQGXFWRU VXSSO\ FKDLQ DQG LQQRYDWLRQ ,QGLD

7KH SURMHFWV HQWDLO DQ LQYHVWPHQW RI DERXW 5V VLJQHG D PHPRUDQGXP RI FRRSHUDWLRQ 0R& ZLWK WKH
FURUH DQG ZRXOG SURYLGH HPSOR\PHQW WR DSSUR[ second Quadrilateral, or Quad, group partner Japan
people during the construction period. Torrent intends WR HQKDQFH VHPLFRQGXFWRU VXSSO\ FKDLQ SDUWQHUVKLS
WR H[HFXWH WKHVH SURMHFWV RYHU D SHULRG RI \HDUV -DSDQ LV DQ LPSRUWDQW VHPLFRQGXFWRU SURGXFHU DQG
7KH SURMHFWV ZRXOG EH H[HFXWHG DW WKUHH VLWHV LGHQWL¿HG technology developer. The MoC will drive closer
E\ 7RUUHQW QDPHO\ .DUMDW 0: LQ 5DLJDUK 'LVWULFW FRRSHUDWLRQ EHWZHHQ ,QGLDQ DQG -DSDQHVH JRYHUQPHQWV
0DYDO 0: DQG -XQQDU 0: LQ 3XQH and businesses and help both countries develop a
GLVWULFW $OO WKH VLWHV DUH Rႇ VWUHDP DQG WKH SURMHFWV DUH UHVLOLHQW VHPLFRQGXFWRU VXSSO\ FKDLQ VRXUFHV VD\
SODQQHG WR SURYLGH D PLQLPXP RI VL[ KRXUV RI HQHUJ\ $V ,QGLD DQG WKH ZRUOG SODQ WR ³GH ULVN´ IURP &KLQD HYHQ
storage on a daily basis. LQ WKH VHPLFRQGXFWRU VSDFH WKH 0R& EHWZHHQ ,QGLD
3XPSHG VWRUDJH K\GUR LV DQ HVWDEOLVKHG SURYHQ and Japan is all set to ensure that Quad partners are
DQG FRVW HႇHFWLYH WHFKQRORJ\ IRU ¿UP ÀH[LEOH DQG able to build a secure and a resilient supply chain.

STEEL TECH