Millennium Post

Govt decides to set up steel research & technology body

The government will set up the Steel Research and Technology Mission of India (SRTMI) with an initial corpus of Rs 200 crore and it will be managed by a Governing Board comprising CEOs of participating firms. To spearhead R&D activities in the iron and steel industry, the Steel Ministry has been facilitating setting up of this body in association with public and private steel makers. “The SRTMI is proposed to be set up with an initial corpus of Rs 200 crore,to be contributed by Steel Ministry and by participating steel companies,” MoS for Steel and Mines Vishnu Deo Sai said.
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