steel-clusters-and-purvodaya-initiative-pib

Context: The Ministry of Steel has prepared a draft framework policy for development of steel clusters in the country. 

Analysis

  • The draft framework policy for development of steel clusters is aimed at facilitating setting up of greenfield steel clusters along with development & expansion of existing steel clusters. 
  • The steel clusters shall not only help the country become Atma Nirbhar in value added Steel and capital goods but would also generate employment, especially in the Eastern part of the Country covering the States of Chhattishgarh, Jharkhand, West Bengal, Orisha and Andhra Pradesh as part of the “Purvodaya” initiative of the Ministry of Steel. 
  • In January 2020, ‘Mission Purvodaya’ was launched which aims at accelerated development of eastern India through integrated steel hubs. 
  • 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.