Question: Where did the Chromium 2019 conclave took place between 5th and 7th November, 2019?
(a) New York
(b) Beijing
(c) Singapore
(d) New Delhi
Answer: (d)
Related facts:
(a) New York
(b) Beijing
(c) Singapore
(d) New Delhi
Answer: (d)
Related facts:
- Chromium 2019 conclave was organized by the International Chromium Development Association (ICDA) from 5 to 7 November 2019 in New Delhi.
- Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan participating in the conclave has said that the steel consumption in the country is set for a quantum jump.
- Government is focusing on building infrastructure for future, creating smart cities, industrial corridors and so forth and so the steel consumption in the country is set for a quantum jump.
- India’s economic growth will be driven by heavy investment in infrastructure, digital economy and job creation in small and medium firms. Initiatives such as ‘Make in India’ aim to support and encourage domestic value addition. Political stability, predictable policies and a huge diverse market make India an attractive investment destination for global investors.
- Around 70% of total chrome produced is used in production of stainless steel. Stainless steel has many specialized uses, including in sectors like space, defence and oil & gas.
Steel sector in India:
- Indian steel sector is becoming more vibrant, efficient, environment-friendly and globally competitive supported by the various policy measures taken by the Government and the entrepreneurial spirit of the industry.
- The National Steel Policy 2017, Domestically Manufactured Iron & Steel Product (DMI&SP) policy, and application of Bureau of Indian Standards (BIS) on steel products are some of the key policy initiatives taken to spur growth in this sector.
- The government has recently launched a collaborative branding exercise named “Ispati-Irada” aimed towards promoting more usage of steel. Growth of the stainless steel sector will naturally lead to higher demand for ferro chrome and, in turn, chrome ore.
International Chromium Development Association (ICDA):
- ICDA was established in 1984. It has become a unique organization for chromium in all its forms. There are over a hundred members across the value chain, promoting sustainable development of the chromium industry.
- The ICDA consists of a permanent team based in Paris (France) and in Beijing (China).
Links:
https://www.icdacr.com/download/files_1/Program_ICDA_Chromium_2019_1568288019.pdf
https://pib.gov.in/PressReleseDetail.aspx?PRID=1590561