Rains, LS polls may have caused steel sector slowdown: Kulaste
Indore, Oct 20 (PTI) Heavy rains for four months this
year and the Lok Sabha elections in April-May are likely
causes of a slowdown in the country's steel sector, Union
Minister Faggan Singh Kulaste said here on Sunday.
The Union minister of state for steel said the
slowdown was a matter of concern and the Centre was taking all
steps to tide over it.
"After discussions, what I have understood as the
reason for the steel slowdown is that heavy rains for four
months affected demand. All operations in the steel sector
remain almost shut during rains," he told reporters here.
"Earlier there was Lok Sabha polls. The entire country
was engaged in it for two-and-half months. Heavy rain started
subsequently. All these caused difficulties in the steel
industry," he claimed.
Kulaste said annual steel production was 106 million
tonnes and the target was to increase it to 300 million tonnes
Queried about the absence of Central ministers from
the investors summit held here on October 18 by the Congress-
led Madhya Pradesh government, Kulaste said he was not spoken
to about it by the latter.
"I belong to Madhya Pradesh. The state government did
not talk to me about this. In such a situation, what can I
comment," the Lok Sabha MP from Mandla said. PTI HWP ADU