Ministry of Steel conducted a Chintan Shivir at the Vigyan Bhawan, New Delhi . Secretary, Ministry of Steel, Shri Poundrik said in his opening remarks said that the emerging competitive global and domestic scenario makes it obligatory for Steel CPSEs to challenge the conventional way of working and explore to adopt fresh strategies in the conduct of the operations and business of their steel plants and mines. He urged to do away with the conservative approaches that limit the potential returns / outcomes, which need to be changed for enhanced benefits.
Secretary, Steel also stressed that Steel CPSEs should adopt fresh strategies for project management by cutting down the time from conception to finalisation of the contract and subsequent execution for timely completion of the projects. Presentations on new Initiatives and Energy Saving measures in Blast Furnace were well appreciated during the Chintan Shivir.
During deliberations, importance of overseas presence of Steel CPSEs was outlined. It was felt that AI/ML can be used in diverse field to ensure process optimization, not only in productions, but also in the field of managing & evaluating assets, Safety, Quality predictions of raw materials, data analysis, health Sector, environmental impacts, and HR Management, etc.
Panelist from Steel CPSEs made their presentations on topics Tech Up-gradation, AI, Machine Learning(ML); Faster Project Execution both Pre-award of contract and action execution post award; International asset Acquisition; New Initiatives and Energy saving measures in Blast Furnace Area towards making Green Steel during the Chintan Shivir.
Concluding the deliberations, Secretary Steel hoped that this program shall help us to chart the path towards growth and development of the Indian Steel sector in a big way. He also appreciated the suggestions received for the future conferences. Additional Secretary & FA, Chairman, SAIL, CMDs, Functional Directors of Steel CPSEs, Joint Secretaries / Economic Adviser / DDG and other senior officers of the Ministry along with 120 odd participants across Steel CPSEs, participated in the day-long events on the Chintan Shivir.