February 27, 2021

Indian & World Live Breaking News Coverage And Updates

Indian & World Live Breaking News Coverage And Updates

Gadkari calls for research to explore cheaper options to cement, steel

Share This :

Amid rising steel prices in the country, Union Minister on Monday highlighted the need to explore alternatives to steel as well as cement, for bringing down their prices.

The Minister for Road Transport and Highways and Micro, Small and Medium Enterprises (MSMEs) said he has asked some people from Indian Institutes of Technology to carry out research on alternatives to cement and steel.

“Steel prices have increased by 65 per cent in the last six months,” Gadkari said adding that the steel and cement rates will reduce once cheaper alternatives are available.

Addressing an event to launch products prepared under the Deen Dayal Upadhayay Vigyan Gram Sankul Pariyojana, the minister also cited the example of soyabean cakes. He said when used for mass consumption, they can be served as cheaper alternatives to mutton while alleviating the problem of malnutrition, due to their high protein content of 49 per cent.

“I believe that chicken and mutton are spoiling our mindset,” the minister said. He, however, added that this should not become a controversial matter, as even though he is a vegetarian, a lot of people in the country are non-vegetarian.

Gadkari also said lakhs of jobs could be created by empowering the village industry, which has the potential of achieving the annual turnover of Rs 5 lakh crore.

He added that by exploring new marketing avenues and export potential, the contribution of India’s MSMEs could further be increased from 30 per cent at present to 40 per cent in the next 5 years.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Share This :