Which one of the following is not trueregarding the Iron and Steel ind...
Explanation:
Out of the given options, the statement that is not true regarding the Iron and Steel industry in India is:
D: India does not need to import steel from other countries.Here is a detailed explanation of the other options:
A: India is the largest producer of sponge iron.
- India is indeed the largest producer of sponge iron in the world.
- Sponge iron is a key raw material used in the production of steel.
B: Most of the public sector undertakings market their steel through the Steel Authority of India.
- The Steel Authority of India Limited (SAIL) is a public sector undertaking and the largest steel-producing company in India.
- Many other public sector undertakings in the iron and steel industry market their steel products through SAIL.
C: Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.
- The Chhotanagpur Plateau region, located in eastern India, is known for its rich reserves of iron ore and coal.
- Due to the availability of these key raw materials, the region has a high concentration of iron and steel industries.
Therefore, the correct answer is option
D: As a leading iron and steel producing country, India does not need to import steel from other countries. This statement is not true as India does import steel from other countries to meet its domestic demand.
Which one of the following is not trueregarding the Iron and Steel ind...
Introduction:
The Iron and Steel industry is a crucial sector in India's economy, contributing significantly to its industrial growth. It plays a vital role in various sectors such as infrastructure, construction, automobiles, and manufacturing. India has made significant strides in becoming one of the leading iron and steel producers globally.
Explanation:
The correct answer to the given question is option 'D', which states that "As a leading iron and steel producing country, India does not need to import steel from other countries." This statement is not true because India still imports a significant amount of steel from other countries to meet its domestic demand. Let us understand why this is the case:
1. India's Steel Production:
India is indeed one of the leading producers of steel globally. It has a substantial capacity for steel production and has been consistently increasing its production over the years. However, the demand for steel in India is also high due to rapid industrialization and infrastructure development. Despite being a major producer, the domestic production alone is not sufficient to meet the growing demand.
2. Infrastructure and Construction Boom:
India is experiencing a significant infrastructure and construction boom, with numerous projects being undertaken across the country. These include the construction of highways, bridges, airports, and smart cities. Such projects require a substantial amount of steel, which cannot be solely fulfilled by domestic production.
3. Quality and Specialized Steel:
While India produces a large quantity of steel, it still relies on imports for specific types of steel that may not be produced domestically. Specialized steel variants, such as alloy steels or high-grade stainless steels, are often imported to cater to specific industrial requirements.
4. International Trade and Competitive Pricing:
Importing steel allows India to benefit from international trade and competitive pricing. It provides access to a wider range of steel products at competitive prices, enabling domestic industries to have a diverse supply chain and remain cost-effective.
Conclusion:
In conclusion, despite being a leading iron and steel producing country, India still imports steel from other countries. This is primarily due to the high domestic demand, the need for specialized steel variants, and the advantages of international trade. The import of steel supplements India's domestic production and helps meet the requirements of various sectors, contributing to the overall growth and development of the country.
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