Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan launched PURVODAYA: Accelerated development of eastern India through integrated steel hub in Kolkata, West Bengal.”
Purvodaya in the steel sector is aimed at driving accelerated development of Eastern India through the establishment of an integrated steel hub. Eastern states of India (Odisha, Jharkhand, Chhattisgarh, West Bengal) and Northern part of Andhra Pradesh collectively hold 80% of the country’s iron ore, 100% of coking coal and a significant portion of chromite, bauxite and dolomite reserves. There is the presence of major ports such as Paradip, Haldia, Vizag, Kolkata etc., with 30% of India’s major port capacity.
In India’s march towards a $5 trillion economy, the 5 Eastern states can play a major role where the steel sector can become the catalyst. This Eastern belt has the potential to add more than 75% of the country’s incremental steel capacity envisioned by the National Steel Policy. It is expected that out of the 300 MT capacity by 2030-31, over 200 MT can come from this region alone, driven by Industry 4.0.
The proposed Integrated Steel Hub, encompassing Odisha, Jharkhand, Chhattisgarh, West Bengal and Northern Andhra Pradesh, would serve as a torchbearer for socio-economic growth of Eastern India. The objective of this hub would be to enable swift capacity addition and improve the overall competitiveness of steel producers both in terms of cost and quality.
Growth of steel industry through such a hub would lead to significant employment opportunities across the entire value chain and will play a significant role in overall socio-economic growth of Eastern India, thus reducing the disparity between the East and other regions of the country.