To develop Sponge Iron Industry as National Advantage for India based on Porter's Model

Title: To develop Sponge Iron Industry as National Advantage for India based on Porter's Model
Category: Business & Economy / Management | Words: 2000 | Pages: 8.5 (approximately 235 words/page)

To develop Sponge Iron Industry as National Advantage for India based on Porter's Model

Steel Industry in India - a National Advantage? By: Atul Prakash, Final Year MBM (IIT Kharagpur), B.Tech (Metallurgy)(NITW) It has been often mentioned that a nation's development can be gauged from the condition of the Steel Industry in that country. This is so because it makes significant contribution towards the development in terms of infrastructure, employment etc. The Government of India has a Steel Ministry to look into the matters related to this industry. …showed first 75 words of 2000 total…

You are viewing only a small portion of the paper. Please login or register to access the full copy.

…showed last 75 words of 2000 total…especially those using sponge iron route of production. This needs to be done by the following outline:  Encourage companies to raise their performance by enforcing stricter quality norms.  Stimulate early demand for advanced products, by investing on research in state owned sector of aerospace etc.  Focus on specialized factor creation, like allocation of natural gas for the sponge iron industry.  Stimulate local rivalry by limiting direct cooperation and enforcing anti-trust regulations.

Need a custom written paper?