Role Of Iron and Steel Industry In Infrastructure Development In The Era Of Globalization In India

Abstract

The Iron and Steel sector is a pillar for the growth of any economy. In developing newlinecountries like India, this industry is of utmost importance. It determines the growth rate newlineof the economy. newlineIron and Steel play a vital role in the development of infrastructure. Infrastructure is one newlineof the key performance indicators of economic development. Iron and Steel have a great newlineimpact on the same. Iron and Steel are a base of Infrastructure. newlineThe Government of India has made several policies and norms for the sector so that the newlineproducers and the suppliers don t face many difficulties in their work of production and newlinedistribution. Earlier it was considered as the public sector. With the implementation of newlineLPG (Liberalization, Privatization, and Globalization) policies by the Government of newlineIndia, the scope for the development has increased to a great extent. newlineThere is always a link between the growth of Iron and Steel and Infrastructure newlinedevelopment. newlineThe role has been studied and measured taking the producers and the suppliers aspects. newlineIt has been analyzed on the basis of the data collected through questionnaires and the data newlineavailable in the journals and the websites of the companies. newlineThe views are of managerial personnel and the suppliers. It is important to study the role newlineand to analyze the difficulties and the rate with which the contribution of Iron and Steel newlineis there for the development of Infrastructure. newlineIt is important to study the factors which are responsible for the growth of the Iron and newlineSteel industry. It is also necessary to analyze the contribution being made by the focused newlineindustry in Infrastructure development. newlineThe study is comparative and throws light on the impact of the development of Iron and newlineSteel on the growth and development of infrastructure in India. newlineFor the study, the top ten Iron and Steel companies of Uttar Pradesh are taken into newlineconsideration. newline