For SAIL chairman Mr CS Verma, there is no slowdown as the giant state run steel firm plots its expansion program, keeping in view the huge potential of steel demand in the country. In an interview, Mr Verma said he has not seen any steel company shelving its CAPEX plans and hectic expansion was on.
Q - Growth has slowed and there is slowdown in construction. How are you seeing steel demand?
A - In India, in the first 10 months of this year, the production is 53.6 million tonnes with a growth of 3.6% and growth in demand is 4.7%. India cannot remain isolated from what is happening elsewhere. We have been impacted but the impact is not so much as the impact in other global economies.
Q - The slowdown had given us an opportunity to build on our infrastructure and drive demand. Have we failed to do that?
