The Telegraph
Sunday , August 17 , 2014
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Stress on mineral use

Jamshedpur, Aug. 16: The steel city observed the nation’s 68th Independence Day at two major functions, one at Gopal Maidan addressed by East Singhbhum deputy commissioner Amitabh Kaushal, while the other was at Tata Steel works where MD T.V. Narendran spoke about the company’s commitment towards society.

Narendran said the steel segment had recorded stupendous growth in the last two-three decades. “We have been an example as an industrial enterprise for more than a century in maintaining the right balance among our shareholders, employees and communities and upholding democratic values while playing a role in the development of the country,” Narendran said after hoisting the Tricolour for the second time since he became MD (India and South East Asia) last year.

Later, speaking to newspersons about the industry in general, he noted the increase in demand for iron-ore in the last one decade.

“It is unfortunate that steel and iron ore are being imported by our country despite being blessed with rich mineral reserves. It shows that there is not proper utilisation of natural resources. We could generate employment and play a proactive role in development of the country if the mineral was utilised properly,” he said.

Referring to the recent report of Justice M.B. Shah Commission against Tata Steel for encroaching on iron ore mines in Odisha, the MD said steel plants were being established in the periphery of iron ore mines because of advantages like access to raw materials and lower transportation cost. “We would like to appeal to the Centre and states that iron ore mining leases be given to the company in relatively closer areas. Otherwise we have to import it at high cost from abroad,” he said.

He said that Tata Steel had already invested Rs 20,000 crore in Jharkhand and would invest Rs 14,000 crore in the next five years in Odisha.

Unfurling the Tricolour at Gopal Maidan in Bistupur, Kaushal iterated the administration’s commitment to ensure that government schemes on food security, education, health and skill development reached the need both in rural and urban areas.

He also felicitated toppers in matriculation and intermediate examinations conducted by Jharkhand Academic Council, ICSE and CBSE.