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Ease of doing business' is not ease of making money - Steel Minister

Steel News - Published on Wed, 13 Sep 2017

Image Source: Reuters
PTI reported that India’s Steel Minister Chaudhary Birender Singh said India needs to raise per capita consumption of the commodity, while asking the industry to play ethical by differentiating between "ease of doing business” and "ease of making money”. He told an industry conference that “It is not just the duty of the government or the steel ministry in specific, each one has a role to play.”

He was speaking on the key role society has to play with regard to various issues be it increasing steel consumption or protecting the domestic steel industry.

Mr Singh said "When there was dumping in our country, many of the producers of steel became traders. Is it fair on the part of a man who has the responsibility to produce. Why? because there is a possibility that without doing anything you can make easy money."

He said 'Ease of doing business' is very different from 'ease of making money'. Each one has a role to play.”

He added “India has the potential to equal the world average per capita steel consumption. At present, the world per capita steel consumption is 208 kg and that can be achieved in India.”

Source :

Posted By : Ratan Singh on Wed, 13 Sep 2017
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