core sector communique

INSDAG and Entrepreneurs sign agreements for
setting up steel fabrication units in rural areas

Kolkata, February 2, 2012: Institute for Steel Development and Growth (INSDAG) today signed agreement with potential entrepreneurs to establish micro and small steel fabrication units in rural areas. Twelve entrepreneurs who have shown interest in taking INSDAG's support to set up steel fabrication units signed the agreement.

The small steel units will fabricate steel furniture and small structural items such as roof truss. This is an important step to increase availability of steel items of regular use. In addition, it will generate rural employment for about 10 persons per unit.

INSDAG has been working relentlessly for increasing steel consumption in India since its inception. Recently, it has been empanelled under Rajiv Gandhi Udyomi Mitra Yojana (RGUMY), a scheme under the Ministry of Micro, Small and Medium Enterprises, Govt. of India, to encourage and help small entrepreneurs. In its effort, INSDAG has joined hands with MSME Development Institute, Kolkata, who is primarily organizing Entrepreneurship and Skill Development Programme for potential entrepreneurs.

Recently, one training programme has been completed in Canning, South 24 Parganas. A total of 24 potential entrepreneurs took part in the programme, of which 12 people have been selected to avail INSDAG's support in establishing steel fabrication units.

About INSDAG:

INSDAG strives to expand the use of steel in the residential, commercial, infrastructure, industrial and rural segments of the construction industry. However, shortly it will also cover automotive, power, rail and road transportation and irrigation segments. In doing so, INSDAG organises a series of seminars and workshops which act as a platform for all connected to the steel value chain - architects, consultants, structural engineers, steel producers, contractors, fabricators, hardware suppliers, government agencies, specifiers etc. These seminars and workshops are not only the forum for addressing the best practices in steel usage but also focus on identifying the constraints in the usage of steel and removing the impediments.