Hinting at insurgency in said parts of Telangana, Shri K Chandrashekar Rao solicited support of the central government in establishing a steel industry in affected regions. Shri Rakesh Singh apprised the meeting of a feasibility study already conducted by Steel Authority of India Limited (SAIL) on the given subject. Different mechanisms and permutations were discussed to evolve a plan wherein a major industry, whether in mining, steel-making, pellet-making, or a combination of all, could be operationalised efficiently. State and Central governments must step in with sops to guarantee commercial viability of the project, added Shri Singh. He averred that the target of achieving 300 million tonne steel production by 2025 gives enough elbowroom to set up green-field capacities. He also suggested that a Special Purpose Vehicle could be initiated for this project, on the lines of those already established in the states of Jharkhand, Karnataka, Odisha and Chhattisgarh.
Shri Rao expressed eagerness to facilitate such an investment by providing captive mines, discounted land and connectivity with ports. Other matters, such as return on investment, technology of production, basis for shareholding etc. were also deliberated in detail. It was decided a Task Force comprising central, state and PSU representatives, will conduct an in-depth study of existing alternatives in a time-bound manner, based on which a decision will be taken.
Emphasising on the need to revive mining sector, Shri Tomar urged Telangana Chief Minister to identify mines for auction at the earliest possible time. Were framing rules and procedure with regard to auction, and preparing necessary documents to kick-start auctioning of mines, informed Shri Tomar. States are exhorted to involve PSUs involved in mining work, to help build a robust mineral inventory database, he added.