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Steel is the backbone of all industries and
the basic ingredient for growth and development of a country.
Traditionally, the fortunes of the steel industry have been
linked to the economic cycle of the country. Per capita consumption
of steel speaks volumes about the relative position of the
country on the development frontier.
In India, the per capita consumption of
steel stands at 27.4 kg compared to 87 kg in China and a whopping
121 kg as the world average in the year 2000 - 2001. Use of
steel in large steel consuming sectors like construction is
quite low in India in comparison to developed and developing
countries. Moreover, steel is also completely recyclable and
thus environment-friendly. Hence, a large potential exists
in furthering the usage of steel in various segments.
With this
view in mind, major steel producers of the nation along with
the Government of India have promoted and established the Institute
for Steel Development and Growth (INSDAG) at Calcutta. The Institute
is registered as a "Society" in West Bengal, with its registered
office at Ispat Bhavan, 40 Chowringhee Road, Kolkata 700 071.
The Institute is a member-based non-profit making organisation.
Its operating office is at Ispat Niketan, 52/1A, Ballygunge
Circular Road, kolkata 700 019
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