The Development of Iron and Steel Industry in India’s Five Year Plans

Abstract

Iron and Steel even today hold the unchallenged supremacy in the reconstruction and economic development of a country whether it relates to industrial production or development of water and power resources, transport and agriculture, etc. Our present steel production which is hardly in the neighbourhood of 2 million tons stands no comparison to the other advanced countries in the world and rightly iron and steel have been given the due importance in planned to be achieved by 1960/61 by the establishment of three integrated iron and steel plants in the public sector at Rourkela, Bhilai and Durgapur and by the expansion of the existing ones at TISCO, IISCO and Mysore Iron and Steel Works. In this paper, the authors have discussed the development of iron and steel industry in India through the Five Year Plans furnishing statistical data inter alia the availability of raw materials, production schedule in the different plants and future plans for increasing the steel production and comparison with other major steel producing centres of the World.