To develop Sponge Iron Industry as National Advantage for India based on Porter's Model
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ESSAY DETAILS
Words: 1976
Pages: 7
(approximately 235 words/page)
Pages: 7
(approximately 235 words/page)
Essay Database > Business & Economy > Management
Steel Industry in India - a National Advantage?
By: Atul Prakash, Final Year MBM (IIT Kharagpur), B.Tech (Metallurgy)(NITW)
It has been often mentioned that a nation's development can be gauged from the condition of the Steel Industry in that country. This is so because it makes significant contribution towards the development in terms of infrastructure, employment etc. The Government of India has a Steel Ministry to look into the matters related to this …
showed first 75 words of 1976 total
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showed first 75 words of 1976 total
showed last 75 words of 1976 total
…especially those using sponge iron route of production. This needs to be done by the following outline:  Encourage companies to raise their performance by enforcing stricter quality norms.  Stimulate early demand for advanced products, by investing on research in state owned sector of aerospace etc.  Focus on specialized factor creation, like allocation of natural gas for the sponge iron industry.  Stimulate local rivalry by limiting direct cooperation and enforcing anti-trust regulations.
…especially those using sponge iron route of production. This needs to be done by the following outline:  Encourage companies to raise their performance by enforcing stricter quality norms.  Stimulate early demand for advanced products, by investing on research in state owned sector of aerospace etc.  Focus on specialized factor creation, like allocation of natural gas for the sponge iron industry.  Stimulate local rivalry by limiting direct cooperation and enforcing anti-trust regulations.
