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SUMMARY

INTRODUCTION………………………………………………………………………………………1

I. IMPACT OF THE LIBERALIZATION ON THE STEEL INDUSTRY

1. Presentation of the steel industry……………………………………………....2

2. The New Industrial Policy……………………………………………………..2 3. The steel industry under the New Industrial Policy…………………………...3

4. The evidence of growth of the steel industry after the liberalization…………..5

II. THE CASE OF TATA STEEL: A STRATEGIC APPROACH

1. Presentation of the company…………………………………………………….6 2. Strategic change of Tata Steel under the liberalization…………………………7 2.1 Modernization of the production…………………………………………………..7 2.2 Quality improvement………………………………………………………………8 2.3 Overstaffing management………………………………………………………….9 2.4 Results……………………………………………………………………………...9

CONCLUSION……………………………………………………………………………….10
SOURCES……………………………………………………………………………………………..11
APPENDICES…………………………………………………………………………………………12
INTRODUCTION

The development of modern economies necessarily involves the steel. All major industrial economies worldwide hold a large and technologically complex steel industry which shaped their growth at the beginning of their expansion. Even nowadays, the level per capita consumption of steel is considered as a major indicator of development and living standard among a country.
In India, the steel industry is more than a century. In 1956, a new industrial policy took place in the recently independent country. The role of the new policy was to enhance sustainable economic growth and accelerate the industrialization to achieve the socialistic pattern of society. The resolution gave to the State the responsibility for the industrial development, given the scarce capital and inadequate entrepreneurial basis. The Industrial Policy Resolution classified industries and defined a degree of State control for each category. The first one comprised 17 industries