The steel ministry will hold consultations with stakeholders in the sector including state- owned units in Chandigarh tomorrow, SAIL said today.
This is the second brainstorming sessions with industry stakeholders, the Steel Authority of India Ltd (SAIL) said in a statement.
"Steel companies, both PSUs and private sector, have been playing an important role in the development of core sectors of the economy. At the same time, due to rapid technological changes, changing economic scenario and increased competition, they are facing many challenges," it said.
It said there is a need to re-align the working style and priorities through various initiatives and policy changes.
"A multi-pronged agenda has been set for the brainstorming session in Chandigarh for generating some out of box ideas to revive and improve the performance of these companies on different aspects and develop the future strategy to enable their sustainable turnaround," it said.
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