Source(S): http://sablebadiya.in/

1. Chhattisgarh Development

2. The Steel Ministry is in the process of facilitating
setting up of special purpose vehicles (SPVs) with
mineral-rich states of Odisha, Chhattisgarh,
Jharkhand and Karnataka.

3. Besides, state-owned iron ore miner NMDC's wholly-
owned steel plant in Nagarnar (Chhattisgarh), which
is being set up with an investment of Rs 15,525
crore, will be operational by December 2016.

4. The minister added that NMDC Steel, which is being
developed by the state-owned iron ore miner, will
produce 3 million tonnes per annum (MTPA) of steel.

5. Chhattisgarh development is directly related to the
proper utilization of the state’s natural resources.

6. One of the reasons for a higher per capital
consumption of steel in developed countries is due
to higher level of infrastructure and industrial
development as compared to developing countries.

7. The construction of these industries only will lead to
the whole industrial development of the state. The
newly constructed steel plant will have production
capacity of 3 MTPA with the likely date of
commissioning as December 2016.

8. According to provisional figures for 2014-15, India's
per capita consumption of total finished steel stood
at 60.3 kg, , compared with a world average of 219
kg in 2013, as per the figures of the World Steel
Association.

9. The estimated domestic per capita consumption of
total finished steel is around 11 kg for rural India and
170 kg for urban India as per the 2014-15 provisional
figures.

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