Centre Nod To Set Up Heavy Steel Cluster In Pudimadaka, Visakhapatnam Jan 14, 2021, 19:41 IST
NEW DELHI: In tune with the Ministry of Steel framework policy for development of steel clusters in the country, the Centre has come forward to set up a huge steel cluster in Visakhapatnam, Andhra Pradesh. AP State Director of Industries JVN Subramanyam stated that the proposal to start the steel cluster in about thousand acres at Pudimadaka near Visakhapatnam was discussed in the meeting with Steel ministry officials.
The ancillary steel cluster will increase export opportunities by reducing manufacturing costs and generate employment locally. It also endeavours to make the domestic steel industry more efficient and global competitive.