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MACHINIST - Bengal CM declares job creation as central issue of state's Industrial Policy

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Home arrow Business News arrow Bengal CM declares job creation as central issue of state's Industrial Policy

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Bengal CM declares job creation as central issue of state's Industrial Policy
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Written by Viswanath   
Thursday, 28 August 2008

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Kolkata: The steel industry today is vital to both economic competitiveness and national security. Steel is the backbone of bridges, skyscrapers, railroads, automobiles, and appliances. Most grades of steel in use today - particularly high-strength steels that are lighter and more versatile - were not available ten years ago. West Bengal does not have enough downstream industry for the iron and steel sector; therefore, those who invest here will have to depend mainly on export. To remedy this and at the same time facilitate growth in the sector, the State government has initiated a number of policies for all-round growth.

In this regard, CII Eastern region organized a seminar on "Opportunities in the Downstream sector in Steel Industry" on 25 August,2008 in Kolkata. The gathering was addressed by the Honorable Chief Minister of West Bengal Sri Buddhadeb Bhattacharya.

Addressing the audience at the seminar, the Chief Minister Sri Buddhadeb Bhattacharya said that growth in real sense of the term means creation of job opportunities and though with the coming of big names in Steel like Jindal Steel, Bhushan Steel, Adhunik Group, Shyam Steel and all, the downstream industry in steel in bengal is not a very good state of affairs with either very little or no single manufacturing unit in downstream producing steel products like pins, tin cans, wood cutting saws , umbrellas, screws etc.

The big units adding up to the crude Steel production of Bengal will produce huge quantities of Steel, but do not employ huge number of employees. Job Opportunities are created in these small and medium units, i.e, in downstream industries. Shri Bhattacharya gave immense importance to job creation and skill development. He stated that in the industrial policy of West Bengal, the central point is to create job opportunities for millions of our youth who are coming out from schools, colleges, engineering and polytechnic institutes.

Speaking on the seminar, Sri Sandipan Chakravortty, Chairman, CII Eastern Region said that the potential of investments in Steel in Bengal is massive. Not only Bengal, Mr. Chakravortty said that the whole of eastern India is blessed with the boon of steel. Keeping that in mind, CII is trying actively to strike out some synergy between the States producing steel in this region.

 
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