Open AccessCapacity Expansion Banes in Indian Steel Industry
Author(s) -
Sushant Kumar,
N. P. Singh,
Ankur Bhadury
Publication year - 2022
Publication title -
international journal of engineering and management research
Language(s) - English
Resource type - Journals
eISSN - 2394-6962
pISSN - 2250-0758
DOI - 10.31033/ijemr.12.1.10
Subject(s) - procurement , business , phase (matter) , term (time) , core (optical fiber) , natural resource economics , operations management , engineering , industrial organization , environmental planning , economics , environmental science , marketing , telecommunications , chemistry , physics , organic chemistry , quantum mechanics
It is a known fact that a large number of Steel Industry Expansion projects in India have been delayed due to regulatory clearances, environmental issues and problems pertaining to land acquisition. Also, there are challenges in the tendering phase that affect viability of projects thus delaying implementation, construction phase is beset with over-runs and disputes and last but not the least; provider skills are weak all across the value chain. Given the critical role of Steel Sector in ensuring a sustained growth trajectory for India, it is imperative that we identify the core issues affecting completion of infrastructure projects in India and chalk out initiatives that need to be acted upon in short term as well as long term.