India has been recognized as a potential growth centre for the Steel Industry all over the world. Foreign investors, global steel players as well as renowned Indian Entrepreneurs have shown great interest in setting up Greenfield Projects in the country including Goa. The last decade has seen the Indian Steel Industry integrating with the Global Economy, a large inflow of private investment & evolving to a great extent to adopt World Class Production Technology to produce high quality steel.

Today, steel is one of the most important materials in the world & is a major component in buildings, infra-structure, tools, ships, automobiles, machines & appliances. Modern steel is identified by several grades of steel, which are defined by number of Standard Organization.

Modern Steels are made with varying combinations of alloy metals to fulfill many purposes. Carbon Steel which is composed of iron & carbon, accounts for 90% of steel production. High strength low alloy steel has small additions usually less than 2% by weight of other elements, typically 1.5% manganese in order to provide additional strength for a modest price increase. Low alloy Steel is sometimes alloyed with other elements such as Chromium, Manganese, Molybdenum or Nickel up to 10% by weight to improve the harden-ability of thicker parts. As per example, stainless steels & surgical stainless steels contain a minimum of 10% Chromium, after combined with nickel to resist corrosion.
Hegemon – 500 with a high value and of international quality has been developed in Goa including the world over, utilizing of the state of the art technology, increased productivity through the use of highly efficient and cleaner Technologies having innovative processes. It offers better valve for money which the customers obtains. The product offers unique advantages as it adequately addresses the growing needs of construction & infra-structure sectors in Goa and other parts of India.

Today, major industrial economics are characterized by the presence of a strong steel industry. With time, the steel industry has progressed to a great extent to become the second largest materials industry in the world, next only to Cement. The presence of steel dominates key sectors of the economy in respect of construction, engineering, defense production, packaging, etc.

With capital investments of more than 125000 cores of rupees, the Indian Steel Industry at present provides direct & indirect employment to more than 2 million people. As India moves ahead in the new millennium, the steel industry will play a critical role in transforming India into an economic Superpower.

Innovative activities and capabilities are therefore essential for economic growth & development of the country. The empirical studies point towards a direct relationship between Research & Development (R&D) & the growth. A good measure of importance should be given to R&D in the country. This would be its expenses as a share of national GDP. The country can make a good progress; if it spends a significant amount of its resources on R&D is strongly correlated with sales growth, efficiency, wealth creation & market capitalization.

In view of these important activities, the Mittal Group, Headed by Mr. Harsh Vardhan Mittal, the Chief Managing Director decided to have the R&D and Training Centre as well as Environmental Laboratory to set up in its Premises. The R&D activities will start in due course, which will paves way for Goa to be the Global Hub for Steel Production of high quality.

ASSOCIATED MEMBERS OF RESEARCH AND DEVELOPMENT DEPARTMENT

DR. L. U. JOSHI (SCIENTIST)
RETD. CHAIRMAN, POLLUTION CONTROL BOARD, GOA

MR. RAKESH CHAND MITTAL
RETD. ENGINEER IN CHIEF PWD, UTTARANCHAL

MR. SATISH CHANDRA BANSAL
BE (HONOURS), ME (BOTH BITS PILANI),
MBA EX-FACULTY BITS PILANI